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
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
