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Thread: Accounting of Electrical Fittings

  1. #1
    Administrator
    Join Date
    Feb 2010
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    Delhi
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    Default Accounting of Electrical Fittings

    Good evening everybody, 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 that machine. Whether accounted with the machine(value of machine will be increased) or separately grouped under Plant and Machinery head? Please solve my doubt. - Accounts / Audit ..................

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  2. #2
    davidbakner99
    Guest

    Default Accounting of Electrical Fittings

    If such item improves the efficiency of machine such amount to be capitalized. On contrary they can also be treated of Revenue nature and claimed as deduction.

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