Internal Auditing
This query is : Resolved
22 September 2009
Hi
Dear Sir
How To Treat if the Hotel & Restaurent Purchased Some Steel Glasses & Some other Steel Items For Use In Kitchen & For Supplying to Customers These Cost Is Very Less Say About 2000 to 15000 It is An Fixed Asset Or It Can Ba Shown As Direct Expenses If It Is A Fixed Asset What is the Depreciation Please Explain Me Clearly To My E_ Mail ID Sreenath4a@gmail.com
Dear Sir
How To Treat if the Hotel & Restaurent Purchased Some Steel Glasses & Some other Steel Items For Use In Kitchen & For Supplying to Customers These Cost Is Very Less Say About 2000 to 15000 It is An Fixed Asset Or It Can Ba Shown As Direct Expenses If It Is A Fixed Asset What is the Depreciation Please Explain Me Clearly To My E_ Mail ID Sreenath4a@gmail.com
22 September 2009
if individual value of the assets are valued Rs. 5,000 or less, they need not to be capitalised and can be written off.
22 September 2009
its revenue exp.
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