A Hospital company has receieved a Refigarator as Gift on a contest.
Same is accounted as General consumables (Direct purchase) in Nil value,
Is it necessary to Capitalise such item and charge depreciation,If it is to be capitalised ,how entries should be passed.
N N V Satish & Co.,
Hyderabad
CA Inter
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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CCI
Pro
CAclubindia
