Capitalization or purchase or expenses
This query is : Resolved
30 October 2013
Basically, our company earned commission income on sale of goods.
Now, our company want to sell honey. So, they purchase Bee Hives with live bees.
I want to know live bees is capitalized item or purchase or expenses?
Please solved my query?
Now, our company want to sell honey. So, they purchase Bee Hives with live bees.
I want to know live bees is capitalized item or purchase or expenses?
Please solved my query?
30 October 2013
it is purchases
.
.
because you want to sale honey
.
.
because you want to sale honey
30 October 2013
but we are not purchasing honey. we are purchasing live bees and bees produce honey.
30 October 2013
yes you purchase live bees,,and then u maintain and some expences incurred
..
.and honey you sold
.
.
in my opinion it is purchase only you cannot capitalize
..
.and honey you sold
.
.
in my opinion it is purchase only you cannot capitalize
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