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
15 September 2018
capitalised the expense under electrical installation head as fixed assets.
15 September 2018
CAPITALISE THE EXPENSES
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