sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 13 June 2011
| Originally posted by : Sumit kumar | ||
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If the trial run is successfull one then it should be capitalised otherwise it will be charge to P & L A/C. |
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Not so if the machine is going to be capitalised it has to be matched with cost
CA Mohit Saxena
(FINANCE MANAGER)
(343 Points)
Replied 13 June 2011
Trial Run expense of machine has to be capitalised with machinery as per AS 10
vipul patel
(Ahmedabad)
(320 Points)
Replied 13 June 2011
once The Assets is Put to used than After that Expenses is not Capitalised before that, trail Expenses capitalised
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
