Wheelchair should come under which category of asset

Save Share

This query is : Resolved

rajshekhar bose (Querist)

21 October 2016 Wheelchair purchased under what type of asset it should be recorded furniture and fixture or medical equipment

Sandeep Dharar

Sandeep Dharar (Expert)

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.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

22 October 2016 Wheel Chair can be considered as Furniture & Fixture

rajshekhar bose

rajshekhar bose (Querist)

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

Sandeep Dharar

Sandeep Dharar (Expert)

24 October 2016 In that case u must book it as general expenses. Coz it can't be valued as fixed assets.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now