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As 10, rtp may 21

Accountancy

Que 17.b, i couldn't get the logic ,i thought as the ownership is not there it shouldn't be capitalised

mani charan

CA Final

★ 3K+

26-Apr-22 07:11

421

Answers (5)

Best Answer

You are not recognising the railway siding etc independently but as a part of the refinery. Railway siding on its own cannot be recognised.

CA Suraj Lakhotia

Admin

26-Apr-22 14:41

Suggested answer for that

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Thread Starter

mani charan

CA Final

★ 3K+

26-Apr-22 07:13

Also note that the expenditure on railway siding is necessary for the refinery to be operational.

CA Suraj Lakhotia

Admin

26-Apr-22 14:41

CA Suraj Lakhotia Admin

You are not recognising the railway siding etc independently but as a part of the refinery. Railway siding on its own cannot be recognised.

Understood sir

Thread Starter

mani charan

CA Final

★ 3K+

26-Apr-22 14:43

CA Suraj Lakhotia Admin

Also note that the expenditure on railway siding is necessary for the refinery to be operational.

Thanks a lot

Thread Starter

mani charan

CA Final

★ 3K+

26-Apr-22 14:43