Nature Of Industrial Cable

its property of electricity board, despite of the fact that its purchased by you.

AGRREE WITH ABOVE EXPERT

as per Mr. Sharma if it is property of electricity board then it will be treated as a revenue expenditure and debited to Profit & Loss Account

agreed with Mr. Sharma

Originally posted by : lokesh maheshwari
	as per Mr. Sharma if it is property of electricity board then it will be treated as a revenue expenditure and debited to Profit & Loss Account

in plain way its to be allowed in expenditure, 

but as per query, its purchased for expansion project, means its not yet put in use, so unless its put in use it would retain in "consumable stock" and when put in use by electricity board, it would reflect in expenditure, as "electrification expenses"