Accounts
This query is : Resolved
04 August 2010
as per our practice we have shown various exps eg Electricity charges, repairs to building, Repairs to MAchinery and repairs to other assets under the head "Manufacturing exps" Auditor have pointed out that since thereis no manufacturing activity in our unit these exps should be shown under the head of "other Exps"
As there lay off have been declared in our factory manucturing activity is temporarily closed. so please advice what to do?
As there lay off have been declared in our factory manucturing activity is temporarily closed. so please advice what to do?
04 August 2010
If the expenses pertain to the period when the manufacturing activities are suspended, then these can be grouped under Other Expenses.
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