Fixed asset treatment
This query is : Resolved
01 July 2015
hotel are start owner purchase like spoons,knife and dishes. he capitalised them. after 2 yrs. he purchase like 1dozen spoon then what effect they capitalised or not. pls give reason for any treatment. i waiting' for suggestion.
01 July 2015
These are not fixed assets, consider as consumables and debit as revenue nature expenses
01 July 2015
agree with expert Ramesh
Its not a fixed asset debit the expense to the profit and loss a/c
Its not a fixed asset debit the expense to the profit and loss a/c
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