Glass container in beverage company
Atharv Sankliya (1306 Points)
31 March 2023Atharv Sankliya (1306 Points)
31 March 2023
sabyasachi mukherjee
(26057 Points)
Replied 02 April 2023
Yasaswi Gomes new
(Finance )
(4475 Points)
Replied 02 April 2023
Its all inventory type and cant be accounted for ppe.because it is packaging expense when we buy bottle. Usually ppe is a fixed asset. Now if you look at the example of a plane, it can be leased butvit is shown as PPE.
Atharv Sankliya
(1306 Points)
Replied 05 April 2023
Yasaswi Gomes new
(Finance )
(4475 Points)
Replied 05 April 2023
It is recycled quickly. Short lived probably. Thats why its used as packaging costs. Like Sabyasachi said, there are no principles and nothing can be done abput it.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"