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)
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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)
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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)
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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)
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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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