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

(d) None of the above

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Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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Question Posted: Aug 23, 2023 06:16 AM

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If BHEL (erstwhile name, Bharat Heavy Electricals Limited) makes a fixed asset (say, a generator) for using

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The correct answer is c Balance sheet item noncurrent asset When BHEL Bharat Heavy Electricals Limit...View the full answer

Financial Accounting For Management

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