19 April 2014
DEAR SIR I WANT TO KNOWN THAT HOW TO TREAT THE EXPENSES WHICH IS OCCURRED DUE TO SHIFTING OF FACTORY FROM ONE PLACE TO ANOTHER IN ACCOUNTING.
19 April 2014
It is prior Period business expenses. U can expenced it out. But if there r some expenses which r capital in nature, like fitting of Plant n machinery ect then it should b capitalised.
19 April 2014
To book it in expenses. Like freight charges etc can be expenced out.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 April 2014
but sir expenses like carpenter made a cabin for staffs for this i bought wood, fevicol, locks etc how to treat this all sir in accounting . is this assets or direct expenses
19 April 2014
No treat it as Assets. Capitalised it in Furniture n fittings A/c or office renovation.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 April 2014
but sir expenses like carpenter made a cabin for staffs for this i bought wood, fevicol, locks etc how to treat this all sir in accounting . is this assets or direct expenses
19 April 2014
Are baba thats explained above. The carpenter fees and the amount incurred for wood, fev. etc. should also b capitalised. Coz it is a capital expenditure.