Help me Finding Purchase of ropes falls under which expense head
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Quick Summary
This discussion clarifies how to categorise the purchase of ropes for accounting purposes. Generally, if ropes are used in production or the factory, they are considered a direct expense. Otherwise, they fall under indirect expenses. The specific category, such as accessories or miscellaneous expense, depends on the intended use, with miscellaneous expense being a common classification. It's also noted that GST is applicable on rope purchases.