rental income
This query is : Resolved
16 June 2009
A firm owns and uses crane for its manufacturing unit.. it also let it on rent at times. Would this income be part of manufacturing A/c or P&L a/c..
16 June 2009
Hi,
The income from letting the crane for rent will be an indirect income and would not ba part of manufacturing A/c..it has to be other income shown in P&L Account..
Rgds
The income from letting the crane for rent will be an indirect income and would not ba part of manufacturing A/c..it has to be other income shown in P&L Account..
Rgds
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