Does unused stationery is asset

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1359 Points Posted on 26 March 2022
does unused stationery is asset for firm and does it will appear in Balance sheet ??
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On 26 March 2022 at 21:11 Report
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Quick Summary
Unused stationery is generally not considered a company asset and won't appear on the balance sheet. Instead, it's typically treated as an expense and charged to the profit and loss account. While you might account for it on a payment or invoice basis, it's only considered for consumption if the amounts are exceptionally large.

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CFO- at NHTF
58280 Points Posted on 26 March 2022
No.Its not asset..
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On 26 March 2022 at 21:58
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1359 Points Posted on 26 March 2022
Why and what is the best definition for assets
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On 26 March 2022 at 23:57
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Profession Business
28246 Points Posted on 27 March 2022
No it's charged to profit loss account.
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On 27 March 2022 at 06:58
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CFO- at NHTF
58280 Points Posted on 27 March 2022
On payment basis you may book the expense in P & L
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On 27 March 2022 at 07:06
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Profession Business
28246 Points Posted on 28 March 2022
It's mentioned charged items means which has no benefit for the current year.
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On 28 March 2022 at 08:04
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CFO- at NHTF
58280 Points Posted on 28 March 2022
Consumption of stationary is based in the practicality.

It is accounted as expense on payment or invoice basis.

Consumption need not be looked into unless the transactions very huge
1 Reply
On 28 March 2022 at 08:08

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