Menu
Whether inventory or Repairs & Maintenance Plant and machinery
repairing charges of Die Rs. 1,00,000/- for machinery, which use in production. whether exp debit as Repairing and Maintenance Plant and machinery or consumable or ?
Replies (1)
Whereas the initial purchase and installation costs would be classified as capital expenditure, any subsequent repair and maintenance charges incurred in the future will be classified as revenue expenditure.All revenue expenditures comes in profit or loss account debit side.
Recent Threads
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
Related Threads
CAclubindia
