A Company,manufacturing of different types of gases,purchases pipes for its Gas plant.In which head ,this expense is debited and can it is capitalised under Plant & Machinery?
4 Replies
Ashish Ojha
(Chartered Accountant)
(469 Points)
Replied 08 December 2009
Yes. it will be capitalised as it is a fixed asset for a gas company
Ansari
(ca final)
(444 Points)
Replied 09 December 2009
| Originally posted by :Ashish Ojha | ||
| " | Yes. it will be capitalised as it is a fixed asset for a gas company | " |
Jaspreet Singh
(Accountant)
(327 Points)
Replied 09 December 2009
My q.is in which head it is debited?
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