Where to shown expense

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Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2014 DEAR SIR I WANT TO KNOWN THAT HOW TO TREAT THE EXPENSES WHICH IS OCCURRED DUE TO SHIFTING OF FACTORY FROM ONE PLACE TO ANOTHER IN ACCOUNTING.

Sandeep Dharar

Sandeep Dharar (Expert)

19 April 2014 It is prior Period business expenses. U can expenced it out. But if there r some expenses which r capital in nature, like fitting of Plant n machinery ect then it should b capitalised.

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2014 sir expenced it out mean

Sandeep Dharar

Sandeep Dharar (Expert)

19 April 2014 To book it in expenses. Like freight charges etc can be expenced out.

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2014 but sir expenses like carpenter made a cabin for staffs for this i bought wood, fevicol, locks etc how to treat this all sir in accounting . is this assets or direct expenses

Sandeep Dharar

Sandeep Dharar (Expert)

19 April 2014 No treat it as Assets. Capitalised it in Furniture n fittings A/c or office renovation.

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2014 but sir expenses like carpenter made a cabin for staffs for this i bought wood, fevicol, locks etc how to treat this all sir in accounting . is this assets or direct expenses

Sandeep Dharar

Sandeep Dharar (Expert)

19 April 2014 Are baba thats explained above. The carpenter fees and the amount incurred for wood, fev. etc. should also b capitalised. Coz it is a capital expenditure.

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