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Re: Spare Parts & Electrical Equipment Purchase

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(Querist)
11 March 2020 Dear Experts,

We are the wind energy ltd company and supply the technician to tie-up wind farms for Service & Maintenance purpose.

For Maintenance work we purchased some materials like electrical equipment's and spare parts.

Now My Question is whether how to be account spare parts purchase? Can we consider as an expenses or purchase?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 March 2020 Account spars purchase under current assets spares. Expense it when consumed.

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