Plus what ledger shall I create for it.
Hydraulic oil used in machinery to be booked under which expense direct or indirect
shrenik NAHAR (23 Points)
27 September 2018
2 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 27 September 2018
Direct expense if machinery is directly in use for manufacturing.
Machine oiling ledger under direct expense.
KAMAKSHI NATARAJAN
(ARTICLES)
(84 Points)
Replied 27 September 2018
Indirect expense under Repairs and Maintenance to Machinery because it is recurring and for maintenance of machinery for running and manufacturing. Direct costs are mostly the ingredients to the product but maintence of machinery is ingredient to machinery which is an asset helpful in manufacturing no of products.
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