Consumable store & Spare part to be included in Direct exp.

n!tE$h GarG (CA Final) (216 Points)

08 July 2010  

Can anybody tell me ?

1. Consumable stores & spare parts   and   Packing materials of Manufacturing are  to included in Purchase or Direct exp. while Preparing Final A/c ?

2. Advance taken for Less than 1 year to be included in Unsecured Loan or CURRENT Liabilities.