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TMI BlogAccounting of Electrical FittingsX X X X Extracts X X X X X X X X Extracts X X X X ..... Accounting of Electrical Fittings X X X X Extracts X X X X X X X X Extracts X X X X ..... verybody, I need one clarification for accounting of electical fittings. If I have purchased one Machinery then how can i account the electrical fittings like cable, switches, A/C, Cabin related to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that machine. Whether accounted with the machine(value of machine will be increased) or separately grouped under Plant & Machinery head? Please solve my doubt. Reply By Deepak Nagori: The Reply: D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ear Surya, Value of cable and switches can be added to the cost of the machine but A/c needs to be accounted as Furniture and Cabin as building. Regards CA Deepak Nagori Reply By Deepak Nagori: Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply: Dear Surya, Cable and switches are part of P&M. A/C has to be accounted for as furniture. Cabin is to be accounted as Building. Regards CA Deepak Nagori Reply By Surya Moorthy: The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... : Thank You Mr. Deepak Reply By Vivek Harsh: The Reply: If such item improves the efficiency of machine such amount to be capitalized. On contrary they can also be treated of Revenue nature and cla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imed as deduction.
Reply By Vivek Harsh:
The Reply:
However A/C needs to be capitalized.
Reply By Vivek Harsh:
The Reply:
However A/C needs to be capitalized. X X X X Extracts X X X X X X X X Extracts X X X X ..... ing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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