Current asset
This query is : Resolved
Vivek Kumar
(Querist)
26 March 2015
Does Store and spare kept for plant and machinery for more than 1 year falls under the category of current assets?
CA AnKiT BoHrA (AB)
(Expert)
26 March 2015
ya usually they wil come under the head stock.... until it becames a dead stock
Vivek Kumar
(Querist)
26 March 2015
but sir, it as per schedule VI the same should be realised within 12 months or companies WC cycle. How will you justify it.
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