Fixed assets
This query is : Resolved
16 September 2011
Hi,
I am conducting the audit of a hospital. With regard to the same pls tell me whether the instruments used in the hospital should be capitalised or charged to revenue a/c
Priyanka
I am conducting the audit of a hospital. With regard to the same pls tell me whether the instruments used in the hospital should be capitalised or charged to revenue a/c
Priyanka
16 September 2011
Such items should be charged to revenue as they are required to be replaced after certain uses.
16 September 2011
sometimes some of the instruments lasts for years and sometimes they dont... what should be the criteria in that case???
16 September 2011
generally the instruments used as weapons for operations should be charged to revenue directly. There is no such specific criteria but considering the said items as heling tools we may charged directly to revenue. However if some items of which life is long enough it may be capilised.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- Rent lease agreement
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
