1. PROBLEMS IN THE REPORTING OF THE COST OF REPAIR MACHINERY PARK IN AGRICULTURE.
- Author
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Georgieva, Vanya
- Subjects
- *
FARM tractors , *AGRICULTURAL equipment , *MAINTENANCE costs , *AGRICULTURE costs , *COST accounting , *ACCOUNTING standards - Abstract
An essential characteristic of assets constituting the machine- tractor fleet in agricultural enterprises is that during operation, they lose some of their consumer properties, leading to degradation in their performance. The usage of the equipment under such conditions is not appropriate and they need to be refurbished fully or at least to a certain extent. This is done by carrying out repair costs. The share of these costs in the cost of agricultural products is significant. The role of the accounting in planning, control and analysis of the cost of repairs is extremely high. In the accounting policy of the entities should be set precise criteria for the origin of these costs, their classification, grouping and their treatment in accordance with accounting standards [ABSTRACT FROM AUTHOR]
- Published
- 2014