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Recording transaction under correct head.

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(Querist)
03 September 2019 Our company have purchased pvc pipes to cut and fit in machines to run the machines.
How to record this transaction in books and under which head it is shown in books as fixed assets or current assets or spare parts.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 September 2019 if it is for strengthening the machinery, you can capitalise the same
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Rohan

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Rohan (Querist)
04 September 2019 It is not for strengthen the machines it is for putting chemical to machine which it will process and machine starts it's work.
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Amol S Joglekar

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Amol S Joglekar (Expert)
04 September 2019 then let it go to repairs & maintenance

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