Mukesh Sinha (Senior Accounts Assistant) (36 Points)
19 January 2011I am in preparation of New Project of Cement Pole Plant where we have to Capitalise Electricity exp. But I am confuesed about the Wires using upto Transformer & through Transformer to whole Plant . In which A/c We have to Capitalise this & How Dep. we have to show?
Pankaj Arora
(Learner)
(3134 Points)
Replied 19 January 2011
Capitalize your fixed assets (debit) and credit party account.
Depreciation will be allowed basically on yearly or partly year basis.
Mukesh Sinha
(Senior Accounts Assistant)
(36 Points)
Replied 19 January 2011
Is it to Capitalise in Plant & Machinery?
CAclubindia
