1. Machinery sold to customer. 2. Servicing of machine done by us. 3. Damaged parts removed from machinery and sent to vendor for repairs. 4. Repaired parts received by us.
02 September 2011
R&M account can be debited for expenses done on company owned assets only, so how can the above entry be correct,since the damaged machinery parts removed from machine owned by customer is a part of customer asset.
CAclubindia
