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?

Question added by Deleted user
Date Posted: 2014/08/22

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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

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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