Bifurcation of incurred expenses
This query is : Resolved
A.JAGADEEP
(Querist)
31 July 2013
Dear Sir,
There is Construction company which deals with construction of buildings and sale of the same.The business entity purchased cement, bricks and steel from the supplier. so my question is under which head these purchased items are shown, under the head "Direct Expenses" or under the head "Purchases" in P&L A/C.
Pls rply me
There is Construction company which deals with construction of buildings and sale of the same.The business entity purchased cement, bricks and steel from the supplier. so my question is under which head these purchased items are shown, under the head "Direct Expenses" or under the head "Purchases" in P&L A/C.
Pls rply me
CA UMESH DULAL
(Expert)
31 July 2013
Purchase
Message likes :
1 times
Hemant Kumar
(Expert)
31 July 2013
Purchase
Message likes :
1 times
A.JAGADEEP
(Querist)
31 July 2013
First of all Thanks for your rply sir.
So, purchase of cement, Bricks and Steel are shown under the head "Purchase" in P&L A/C.
Which type of expenses are come under "Direct expenses" Except Direct wages.
So, purchase of cement, Bricks and Steel are shown under the head "Purchase" in P&L A/C.
Which type of expenses are come under "Direct expenses" Except Direct wages.
CA UMESH DULAL
(Expert)
31 July 2013
Freight paid
Rental of machinery used for construction
etc
Rental of machinery used for construction
etc
Message likes :
1 times
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
