Please Help: Accounts-Electricity charges should be capitalised?
Posted Date : 10-Feb-2013 , 05:07:02 pm | Posted By: Saurabh Bansal
Category :
Accounts | Answers :
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Comments :
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Whether cost incured for the connection of electricity for the use of New Plant should be capitalised or not? |
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Answers:
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 Answer by: Naga Rakesh |
| YES IT HAS TO BE CAPITALISED
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| Answer by: Mrattunjay |
| Electricity connection charges for new plant should be capitalise : please refer AS-10 there is specific provision for the same.
Also you can refer Ramaiya commentary of corporate law where so many explanation given: Refer page no. 2282 for pre-oprative expenses capitalization procedure.
If you required any other clarification concerning capitalisation issue : please come again.
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| Comments |
| Posted By : Ankit Somani |
02-Apr-2013, 06:00:18 |
| Yes it would be capitalised |
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| Posted By : Naga Rakesh |
11-Feb-2013, 05:20:06 |
| YES IT HAS TO BE CAPITALISED |
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| Posted By : GOVINDA |
10-Feb-2013, 10:24:09 |
| It should be capitalised till the plant put to use. |
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