16 June 2009
A firm owns and uses crane for its manufacturing unit.. it also let it on rent at times. Would this income be part of manufacturing A/c or P&L a/c..
16 June 2009
Hi, The income from letting the crane for rent will be an indirect income and would not ba part of manufacturing A/c..it has to be other income shown in P&L Account..
CAclubindia
