Accounting treatment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2018
Electricity department charges Rs.30 lacs for installation of new transformer and line for a running Rice Mill-.The assets belongs to EB department.
How to treat the amount RS.30 lacs in accounts.
Thanks in advance
How to treat the amount RS.30 lacs in accounts.
Thanks in advance
Gokul Sharma
(Expert)
15 September 2018
capitalised the expense under electrical installation head as fixed assets.
CA Rashmi Gandhi
(Expert)
15 September 2018
CAPITALISE THE EXPENSES
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- ARCA LOGIN
- Rectification under processing even after 6 months cpc portal
- Appointment of Auditor By Form ADT-1
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Missed uploading GST Invoice
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
