ACCOUNTING FOR RUBBER PLANTATION
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2010
A Company 'a' had started a Plantation for Rubber Trees few years back.
All the Exps. for Plantation were Capitalised.
Now, Rubber Plantation has started and hence, Commercia;l Production of Rubber has Started.
I would like to know the Accounting for such a Company.
All the Exps. for Plantation were Capitalised.
Now, Rubber Plantation has started and hence, Commercia;l Production of Rubber has Started.
I would like to know the Accounting for such a Company.
02 January 2011
The plantation crops which have started yielding fruits are charged depreciation in zonal instalments depending on the revenue yielding period of each crop”.
The capitalisation of the crop is stopped from the year it starts bearing fruits.
The capitalisation of the crop is stopped from the year it starts bearing fruits.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
07 January 2011
Sir,
Thanks a lot for your Reply.
I would be very thankful if you can guide if there are any books or any website for such acocunting for plantation. so that I can know the rate of depreciation and other accounting rules relating to it.
Again thanks a lot for your help.
Vaibhav
Thanks a lot for your Reply.
I would be very thankful if you can guide if there are any books or any website for such acocunting for plantation. so that I can know the rate of depreciation and other accounting rules relating to it.
Again thanks a lot for your help.
Vaibhav
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