Expenses head
This query is : Resolved
07 April 2013
hi
i want to know about an expense.
water tanker purchased for factory workings should go under which head??
Can it be grouped under Factory expenses??
pls guide.
i want to know about an expense.
water tanker purchased for factory workings should go under which head??
Can it be grouped under Factory expenses??
pls guide.
08 April 2013
Hi,
If The water tanker purchased is for long term use then it should be taken under Fixed assets and if it is to be utilised in the course of manufacturing and for short term purposes then it can be taken as expenses.
Regards,
CA. RICHI SAXENA
If The water tanker purchased is for long term use then it should be taken under Fixed assets and if it is to be utilised in the course of manufacturing and for short term purposes then it can be taken as expenses.
Regards,
CA. RICHI SAXENA
Message likes :
2 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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
