Accounting treatment for security dogs

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51 Points Posted on 23 October 2021

One of my client company has purchased Dogs for security at plant. How will it be account for in books of accounts?

And which Ind AS specifies the accounting for the same

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On 23 October 2021 at 22:49 Report
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Quick Summary
This discussion explores the accounting treatment for security dogs purchased by a client for plant security. Participants suggest classifying the dogs as security expenses or administration expenses. The conversation also touches upon identifying the relevant Ind AS standard for this specific accounting scenario.

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Chartered Accountant
24588 Points Posted on 24 October 2021
I think it will be treated as security expenses
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On 24 October 2021 at 06:12
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My grammar is 💯 good I
7306 Points Posted on 24 October 2021

Yes it is administration expense. 

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On 24 October 2021 at 20:56
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Chartered Accountant
24588 Points Posted on 01 November 2021
Yes....
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On 01 November 2021 at 17:42

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