FIXed Asets

Major Expenses of building materials related to foundation of machine be transferred to Building account or Plant & machery account ?
Replies (2)
Quick Summary
This discussion tackles a common accounting query: should the costs of building materials for machine foundations be allocated to the Building account or the Plant & Machinery account? Participants debate the correct classification, questioning why foundational work for machinery installation wouldn't fall under the Plant & Machinery category.

Building account..                        

But Expenditure incurred to build foundation for installation of machinery , then why it should be considered in Building account?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details