Does unused stationery is asset
Atharv Sankliya (1359 Points)
26 March 2022
does unused stationery is asset for firm and does it will appear in Balance sheet ??
6 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 27 March 2022
On payment basis you may book the expense in P & L
sabyasachi mukherjee
(27864 Points)
Replied 28 March 2022
It's mentioned charged items means which has no benefit for the current year.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 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
It is accounted as expense on payment or invoice basis.
Consumption need not be looked into unless the transactions very huge
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