TaxTMI 
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Accounting of Electrical Fittings
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....ccounting of Electrical Fittings<br> Query (Issue) Started By: - Surya Moorthy Dated:- 18-11-2011 Last Reply Date:- 25-2-2012 Accounting - Auditing<br>Got 6 Replies<br>Companies Law<br>Good evening ev....
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....erybody, I need one clarification for accounting of electical fittings. If I have purchased one Machinery then how can i account the electrical fittings like cable, switches, A/C, Cabin related to t....
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....hat machine. Whether accounted with the machine(value of machine will be increased) or separately grouped under Plant & Machinery head? Please solve my doubt. Reply By Deepak Nagori: The Reply: De....
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....ar Surya, Value of cable and switches can be added to the cost of the machine but A/c needs to be accounted as Furniture and Cabin as building. Regards CA Deepak Nagori Reply By Deepak Nagori: The....
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.... Reply: Dear Surya, Cable and switches are part of P&M. A/C has to be accounted for as furniture. Cabin is to be accounted as Building. Regards CA Deepak Nagori Reply By Surya Moorthy: The Reply:....
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.... Thank You Mr. Deepak Reply By Vivek Harsh: The Reply: If such item improves the efficiency of machine such amount to be capitalized. On contrary they can also be treated of Revenue nature and clai....
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....med as deduction. Reply By Vivek Harsh: The Reply: However A/C needs to be capitalized. Reply By Vivek Harsh: The Reply: However A/C needs to be capitalized.<br> Discussion Forum - Knowledge Shari....
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