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15 Points Posted on 19 April 2020
wages paid for erection of machinery Rs. 8000.
what does it means and how?
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On 19 April 2020 at 16:23 Report
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This discussion clarifies the accounting treatment for wages paid during the erection of machinery. According to accounting standard 10, these costs, amounting to Rs. 8000 in this case, should be capitalised. This means the wages are added to the total cost of the machinery rather than being treated as an immediate expense.

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"Do the Right Thing...!!!"
128157 Points Posted on 19 April 2020
Are You asking the meaning of Erection...? or wages...?
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On 19 April 2020 at 17:08
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QUALIFIED CA. CS FINALIST
139 Points Posted on 19 April 2020
Erection means installation. but is the exact answer you want bro
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On 19 April 2020 at 17:47
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Profession
28261 Points Posted on 19 April 2020
Wages paid for erection needs to be capitalised as accounting standard 10 .
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On 19 April 2020 at 18:03
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ca
27 Points Posted on 21 April 2020
Capitalised 8000 in machinery cost
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On 21 April 2020 at 07:59

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