Hi friends,
What is the Accounting treatment for medical kit remain unused by a doctor in a clinic at the end of the year?
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Accounting treatment for medical kit remain unused.
Replies (7)
it should be accounted as a consumable stock. only during the year consumption should be booked and closing stock should be shown as an asset
it should be accounted as a consumable stock. only during the year consumption should be booked and closing stock should be shown as an asset
it should be accounted as a consumable stock. only during the year consumption should be booked and closing stock should be shown as an asset
it should be accounted as a consumable stock. only during the year consumption should be booked and closing stock should be shown as an asset
Thank you.
show it as closing stock in balance sheet
It's a consumable items. It's unused remaining stock would be shown as Closing stock in Balance sheet. and in credit side of statement of profit and loss account
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