Professional Doctor who is liable to tax audit purchased PPE , Mask & respirators for COVID-19 purpose.
how to treat this in accounting.
I hope we can group that in indirect expenses but in what ledger name. kindly guide.
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Quick Summary
This discussion addresses how doctors liable for tax audits should account for purchases of PPE, masks, and respirators for COVID-19. The consensus suggests treating PPE and masks under 'uniform expenses'. Respirators, however, are recommended to be classified under 'fixed assets' or 'plant & equipment'.