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Does unused stationery is asset

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does unused stationery is asset for firm and does it will appear in Balance sheet ??
Replies (6)
No.Its not asset..
Why and what is the best definition for assets
No it's charged to profit loss account.
On payment basis you may book the expense in P & L
It's mentioned charged items means which has no benefit for the current year.
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


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