Accounting head
This query is : Resolved
Murli Dadhich
(Querist)
05 July 2014
Purchase of Bed sheets for a Hotel Industry should be charged under which head, and if charged as fixed assets it"s treatment for depreciation.
Sandeep Dharar
(Expert)
05 July 2014
As per me treat it as fixed assets. Book it under Furniture & Fixture Head(Block).
Other experts views will also b appreciated.
Other experts views will also b appreciated.
05 July 2014
Charge it to P/L. Any asset of Rs 5000/- or below can be charged to P/L account.
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