Fixed asset treatment
This query is : Resolved
amit borkar
(Querist)
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.
CMA Ramesh Krishnan
(Expert)
01 July 2015
These are not fixed assets, consider as consumables and debit as revenue nature expenses
Ankur Singhal
(Expert)
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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