AMIT KUMAR (Manager Accounts & Taxation) (46 Points)
10 September 2012Hi,
Please anyone answer my query and thanks in advance.......
How to present TRIAL Run Purchases and Sales in books of Accounts. This purchases and Sales are booked same as another sales & purchases are booked.
Thanks & Regards
Amit Kumar
9650698333
Deepak Gupta
(CA Student)
(15922 Points)
Replied 11 September 2012
| Originally posted by : AMIT KUMAR | ||
 |
Hi, Please anyone answer my query and thanks in advance....... How to present TRIAL Run Purchases and Sales in books of Accounts. This purchases and Sales are booked same as another sales & purchases are booked. Thanks & Regards Amit Kumar 9650698333 |
 |
As per AS-10, "Accounting for Fixed Assets", trial run expenses will be added to the cost price of asset and any sale proceeds of trial run production will de deducted from the cost price of the asset.
ramcharan
(articled assistent)
(367 Points)
Replied 11 September 2012
Bhaskar Unnikrishnan CPA CMA
(Accounts / Administration)
(414 Points)
Replied 12 September 2012
CAclubindia
