I have a client, which has the business of MANUFACTURING INDUSTRY and purchasing some lab equipment for the BUSINESS, so consider it as fixed assets or expenses.
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Lab equipments FIXED ASSETS OR EXPS
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I have a client, which has the business of MANUFACTURING INDUSTRY and purchasing some lab equipment for the BUSINESS, so consider it as fixed assets or expenses.
If the benefit out of the equipment is available for subsequent financial years also, you can consider it as FIXED ASSET.
Yes, You can account the equipments under FIXED ASSET.
In case lesser velue then account under Expenditure head.
In case lesser velue then account under Expenditure head.
Fixed asset set up for laboratory purposes can be used for furtherance of business.
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