Over-hauling expenses of a secon hand machinery should be
debited to ---------
Answer Posted / h.r. sreepada bhagi
Machinery Maintenance or Repairs A/c. Since it's not
purchase or creation of a new asset, it's not capitalised
but charged off to the Profit & Loss A/c of the year in
which it's incurred.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is the procedure to take loan
Short Answer on __________Leverage
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
define fixed assets
why specifically inited states ?
Expand---------PED
WHAT IS PROSPECTUS?
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
What is the definition of LOSS. Give the formula if any.
Give a brief explanation of the fundamental accounting concept of prudence
What is money measurement concept
What is accounts payable?
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
what type of questions are asking for fund administration???
Expand-------CAN