If BHEL (erstwhile name, Bharat Heavy Electricals Limited) makes a fixed asset (say, a generator) for using
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If BHEL (erstwhile name, Bharat Heavy Electricals Limited) makes a fixed asset (say, a generator) for using it internally then it can show the cost of making this fixed asset as a:
(a) Income statement item – income
(b) Income statement item – expense
(c) Balance sheet item – non-current asset
(d) None of the above
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Related Book For
Financial Accounting For Management
ISBN: 9789385965661
4th Edition
Authors: Neelakantan Ramachandran, Ram Kumar Kakani
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