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type of expenses

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(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?
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Gajendra R. Tiwari

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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.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
06 May 2010 agreed with Gajendra Ji
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