Treatment in case of insurance spares
This query is : Resolved
17 November 2008
Thanks sir.
Actually i have to audit a manufacturing (KSFL Urea manufacturing unit)concern in which insurance spares is purchased since 1982,so can the same rule b applied to that also cause that is amount of Rs.85lacs (Approx) and no one knows when we will install it.
Actually i have to audit a manufacturing (KSFL Urea manufacturing unit)concern in which insurance spares is purchased since 1982,so can the same rule b applied to that also cause that is amount of Rs.85lacs (Approx) and no one knows when we will install it.
17 November 2008
These are to be kept as inventory (current assets)...
Check for old items & which are not going to be useful in current scenario suchas old tyoes of nuts & bolts, etc...
Check for old items & which are not going to be useful in current scenario suchas old tyoes of nuts & bolts, etc...
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