Travelling expenses for trial of assets to be purchased

CA Rahul Agrawal (Deputy Manager) (81 Points)

02 January 2013  

A company was ordered a machine with some specifications to foreign supplier. An employee goes to the place of supplier for trial of the machine ordered. The query is that the travelling expenses related to above visit either capitalized or transferred to P&l A/c.

Please give a referrence of Accounting Standard also, if possible.