Suggested account head
This query is : Resolved
krishna kc
(Querist)
28 February 2014
please suggest the account head for plant and machinary before instalation.i had booked it under WIP plant and machinary.
Vishnu Saboo
(Expert)
28 February 2014
you may book it in Capital inventory.
28 February 2014
you have booked in in correct ledger....krishna
Vishnu Saboo
(Expert)
28 February 2014
when machinery received, you have to book it in Capital inventory, when it is issued for installation you need to book it in CWIP, and when it is capitalized, you have to trf the same in Plant & Machinery (FA) a/c.
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