Machinery of constructions business

Dear All,

 

My company is engaged in construction services. We have concrete mixing machines which require hose and concrete spraying gun at the end of hose.

We have many of such machinery, hoses, spraying guns etc. As our projects are in different location, we issue such macinery and when the project is completed, all these machinery/equipments are returned.

The hoses can be used with equipments other than the above concrete mixing equipments using joints, coupling etc.

If such hoses are damaged, we buy new hose, joints, coupling etc.

What must be the accounting treatments for damaged hoses?

Whether new hoses must be capitalized or simply account as repairs ?

 

 

 

Replies (3)

im my opinion if you adjust these parts in newly purchase equipment price than it should be treat as repair charges otherwise you should capitalized these parts.

 

 

You need to write off the damaged hoses and capitalize the new one...

Thank you Mr. Bhasker and Mr. Rahat.

I am working in Saudi Arabia. I think, Mr. Bharker is right.

We have some spare parts for which we keep stock records. The spare parts are rotors used in concrete mixing machinery.

What are the accounting entries while purchasing these spare parts?

What accounting entry must be passed when these parts are issued?

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details