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Plant & machinery

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Guest

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Guest (Querist)
28 December 2011 sir,
pls explain -crane and forklift expenses of machinery unloading and erection use this expenses comes in which account head.

shall i treat as plant &machinery a/c
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 December 2011 If the expenses have been incurred for installing the machinery, then capitalise the same.
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
28 December 2011 It should be capitalised with Plant & Machinery...
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