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

Ganeshbabu K (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok