What is type of incidental expenses
This query is : Resolved
Quick Summary
28 June 2022
what is type of incidental expenses while booking Fixed assets in books of accounts.
CA Puja Sharma
(Expert)
28 June 2022
Incidental expenses refers to those expenses which have been incurred to make the FA useful and put to use for the bsuiness.
For eg. In cas eof Generator, if you have Rs. 10000 as transportation chrages for delivery to factory then this 10,000 will eb incidental charges and will be capitalsied with generator.
For eg. In cas eof Generator, if you have Rs. 10000 as transportation chrages for delivery to factory then this 10,000 will eb incidental charges and will be capitalsied with generator.
CA Puja Sharma
(Expert)
01 July 2022
Yes installation charges can also be part of Fixed Assets.
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