Accounting treatment

19 August 2019
How will you account for GPS expenditure of 43 lakhs when the GPS trackers are added to transporter's truck. The truck are used for transportation of Raw material from one location to another but its not fixed which vehicle the transport agency will use to transport the raw material. The truck for us are neither owned nor leased. Those GPS tracking are installed by us on transporters truck & payment is done on reimbursement mode i.e. The transporters have paid first & now we will reimburse them the same.

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