What is the treatment of items or parts related to a machinery which is purchase later eg. machinery Oil consumed by machinery. Is it fixed asset or or expense.
Menu
Machinery parts treatment
Replies (1)
it's an expense. all consumables related to machinery such as oil gas etc to be expensed
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
