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Sundry accessories in hotel industries

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 December 2009 How to account for beds, bedsheets, utensils etc. and how to claim depreciation or how to write off the same.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 December 2009 Basically Comapanies act providing the assets value below the RS.5000 can be charge of the year of purchase but based on your Fixed assets and depreciation policy you can keep as assets follow the furniture rate of deprecition
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