Accounting treatment for medical kit remain unused.

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