Wheelchair should come under which category of asset
This query is : Resolved
21 October 2016
Wheelchair purchased under what type of asset it should be recorded furniture and fixture or medical equipment
22 October 2016
Rajshekar, wheelchair must not be treated as Asset, u must treat it as stock item(if u r asking about any medical shop). And if u r asking regarding Hospital then book it under Furniture & fixtures.
22 October 2016
Wheel Chair can be considered as Furniture & Fixture
22 October 2016
No actualy a company which is not a hospital or nursing home purchased wheelchair as a precaution for the happening of any acident to its employee i want to know in this case how it should be recorded in accounts
24 October 2016
In that case u must book it as general expenses. Coz it can't be valued as fixed assets.
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