In a Construction Industry, Bamboos which are used for climbing (reusable at different sites) and plywood be considered as Fixed Asset or Material Purchase ?
Total Value of all is Rs.1100000
Kindly suggest.
Pallavi P (Job) (151 Points)
14 March 2022In a Construction Industry, Bamboos which are used for climbing (reusable at different sites) and plywood be considered as Fixed Asset or Material Purchase ?
Total Value of all is Rs.1100000
Kindly suggest.
Kev Men
(756 Points)
Replied 13 April 2022
It can be considered as Fixed Assets as it is used in the business.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
