Insurable spares
This query is : Resolved
Guest
Guest
(Querist)
05 May 2014
Dear sir, pls tell me the meaning of Insurable spares with an Example & How it will valued in books of Accounts ??
Ganeshbabu K
(Expert)
06 May 2014
Generally we can say folloqing nature apares as insurable spares
.
1.machinery spares which are useful fir particular type of machinary and having considerable value w.r.t.value of mach.
.
2.spares which are not in regular use
.
.
Need to capitalise those insurable spares to the asset which it relates
.
1.machinery spares which are useful fir particular type of machinary and having considerable value w.r.t.value of mach.
.
2.spares which are not in regular use
.
.
Need to capitalise those insurable spares to the asset which it relates
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- Gift to nri relatives residing in usa
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
