Dear all
please tell me that If I purchase an AC and genrator for office or shop whether it is Plant and Machinary or it is Furniture for depreciation purpose? And please tell me the logic to decide whether particular asset fall in P&M head and Furniture Head whether I should go through the list given under P&M head or anything else?
Thanks in advance
AC and generator are under plant & machinery
AC and generator are under plant & machinery
AC COMES UNDER MACHINERY ACCOUNT......WHILE FURNITURE COMES UNDER FURNITURE ACCOUNT .........ITS VERY EASYN TO CLASSIFY..
under Plant & Machinery .......
Plant&machinery
under plant & machinery head
p nd m
AS PER MY LOGIC A.C. AND REFRIGERATOR FALL UNDER THE LIST OF FURNITURE B'CAUSE PLANT & MACHINARY IS WHAT WE CAN USE FOR PRODUCTION PURPOSE.
it is plant & machinery
Poonam is correct.
Definitely, AC is fall under head of "furniture & fixtures" and generator is Plant and machinery.
hello poonam can u tell me under what head computer will fall. whether we use it 4 pruduction or for administration work and it not necessary that we use generator for production . AC & Generator both will fall under P & M head
CAclubindia
