Udergroup of electronice weight machine

This query is : Resolved

CA Ram Prajapat (Querist)
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29 September 2015 sir we have purchased a electronic weight machine worth rs 3000.
in what head it will cover in balance sheet

Amol S Joglekar

Amol S Joglekar (Expert)
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29 September 2015 it shall find its place in FIXED asset

CA Ram Prajapat

CA Ram Prajapat (Querist)
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29 September 2015 sir,
under fixed assets in what head it will cover whether under furniture & fixture or under plant & machinery

Amol S Joglekar

Amol S Joglekar (Expert)
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29 September 2015 What for you are using it?

Normally under furniture and fixtures

But say for example, scrap sale businessman, food industry where weight is crucial point in manufacture and so on it is plant and machinery

CA Ram Prajapat

CA Ram Prajapat (Querist)
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29 September 2015 we are furniture manufacturing company and we are using it into store department for weight of screw and other small hardware

Amol S Joglekar

Amol S Joglekar (Expert)
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29 September 2015 furniture and fixture..
.

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