Purchase of second hand spares to machineries will come under which head of Expenses - For that we were not receiving the bill .
Purchase of second hand spares to machineries will come under which head of Expenses - For that we were not receiving the bill .
| Scenario | Use This Accounting Head |
|---|---|
| Normal replacement to keep machine running | Repairs & Maintenance – Machinery |
| Major component replacement improving life/capacity | Plant & Machinery (Capitalized) |
| No bill provided | Create self voucher or ask for basic receipt |
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Open Co Consulting LLP
New Delhi
B.Com
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
