Nature of expense
This query is : Resolved
05 January 2012
If co incurred expenditure on Beds & pillow for the Staff person living in Co Provided Accommodation what will be the nature of expense ( The Exact accounting Term) for the same. Pls Help????
CA Sanjeev Kr Jain
(Expert)
06 January 2012
staff welfare / guest house exp.
14 July 2012
Thank u Sanjeev, but hv one more querry do we need to treat it as cap Exp or revenue?? since bed we use for more than one n cost of one bed is aprox INR 5 K..further one bed is ok we can expense it out but if ther are 50 beds in that case what should b the treatment Cap Exp or Rev Exp??
Many Thanks
Majid
Many Thanks
Majid
21 July 2023
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