A Company,manufacturing of different types of gases,purchases pipes for its Gas plant.In which head ,this expense is debited and can it is capitalised under Plant & Machinery?
Jaspreet Singh (Accountant) (327 Points)
08 December 2009A Company,manufacturing of different types of gases,purchases pipes for its Gas plant.In which head ,this expense is debited and can it is capitalised under Plant & Machinery?
Ashish Ojha
(Chartered Accountant)
(469 Points)
Replied 08 December 2009
Yes. it will be capitalised as it is a fixed asset for a gas company
Ansari
(ca final)
(444 Points)
Replied 09 December 2009
| Originally posted by :Ashish Ojha | ||
| " | Yes. it will be capitalised as it is a fixed asset for a gas company | " |
Jaspreet Singh
(Accountant)
(327 Points)
Replied 09 December 2009
My q.is in which head it is debited?
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