Treatment of Charges
This query is : Resolved
CA Sanjay Baheti
(Querist)
04 June 2010
My Client being a Pvt ltd.Co. has purchased /acquired concurrently Plant & machinery (i.e.Furnace) along with Raw Material(i.e.Copper Scrap)from same place & loaded the same in to one truck.
In this regard it has incurred the following expenses as under
(i Transportation/Freight charges
(ii Packing charges
(iii Insurance charges
Now my query is whether these expenses can be capatilised proportinely to the concerned plant & machinery from the accounting point of view or not.
In this regard it has incurred the following expenses as under
(i Transportation/Freight charges
(ii Packing charges
(iii Insurance charges
Now my query is whether these expenses can be capatilised proportinely to the concerned plant & machinery from the accounting point of view or not.
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