A gym having exercise machines are what type of asset to that gym?
Gyms are considered as service providers or not?
Menu
classification of asset
Replies (2)
It is Fixed Asset for the gym. Yes gym is considered as service provider.
Yes... You can account under Plant & Machinery as Equipments. Some of the Furnitures like under "Furniture & Fittings"
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
