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High cost Plant and Machinery are normally shown as non-current assets in the balance sheet.

Which companies show Plant and Machinery as Stock-In-Trade rather than non-current assets? Why?

Accounting Auditing Financial Reporting Financial Accounting Financial Management
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Question added by Deleted user
Date Posted: 2014/08/22
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Thaikkattil Mathew Joshi
by Thaikkattil Mathew Joshi , Group Credit Controller , Gps Group,Dubai.

Trading activities of those Companies consider these items as non-current asset in their Balance sheet.

 

Regards,

 

Joshi Mathew

CIA

Maqbool Shah
by Maqbool Shah , Manager Accounts & Finance , Frontier Foundry (Pvt) Ltd.

Normally Considered as Inventory

Business Principle Activity :- Production and Sell into Market- 

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