accounting treatment of consumption
This query is : Resolved
23 July 2008
hello,
i work as an internal auditor in a hotel. i want to know what should be considered consumption : discard of uniform or as soon as uniformissued to concern dept. from store.
i work as an internal auditor in a hotel. i want to know what should be considered consumption : discard of uniform or as soon as uniformissued to concern dept. from store.
23 July 2008
Actually it depends upon the policy. But it is prudent to charge off as consumption as soon as an item is issued.
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