type of expenses
This query is : Resolved
Amit Kumar Sharma
(Querist)
06 May 2010
if electric items like bulbs,tubes etc. are purchased for plant than can it be charged in plant and repair, or in other way?
Gajendra R. Tiwari
(Expert)
06 May 2010
It should be charged to Profit & loss and not to be added to Cost of Plant as it of revenue expenses and doesn't enhance the life to plant.
so, treat it as expense under the head Factory Repairs & Maintainence.
so, treat it as expense under the head Factory Repairs & Maintainence.
06 May 2010
agreed with Gajendra Ji
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