final acc

23 April 2018

Power and plant goes into trading acc or profit and loss acc?

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6 Replies

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 23 April 2018

In trading if used for manufacturing otherwise p& l

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Sana Sultana Mussu (Student) (5119 Points)
Replied 23 April 2018

yes.. agreed with ma'am

Jaanvi R Darji (47 Points)
Replied 24 April 2018

What if nothing is mentioned? We can put a note on it in exam?

Sana Sultana Mussu (Student) (5119 Points)
Replied 24 April 2018

if nothing is mentioned take it in trading account and mention a note that it is assumed that it is for manufacturing

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Jaanvi R Darji (47 Points)
Replied 24 April 2018

Okay thanks!

Sana Sultana Mussu (Student) (5119 Points)
Replied 25 April 2018

welcome😊

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