Water Expense
Code: 5232
👁 Views: 101
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Water expense for operations
Note: This account may be broken down into sub-ledgers as needed (e.g., customer/supplier/bank names or branches).
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 1
Presentation of Financial Statements
US GAAP
ASC 330
Inventory
❓ Frequently Asked Questions
Q: Is water expense allocated between administration and production?
A: Yes, if there is a separate meter. If not, an estimated ratio (e.g., 70% production, 30% administration) is used.