Mattres purchase

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166 Points Posted on 21 May 2023
sir, purchase of mattres rs.4500 is fixed or expense and what is the limit of fixed asset
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On 21 May 2023 at 15:51 Report
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This discussion clarifies whether a mattress purchase should be classified as a fixed asset or an expense for a business. It explains that the classification isn't determined by value alone, but rather by the asset's lifespan and its utility in business operations.

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Profession
28271 Points Posted on 21 May 2023
Irrelevant question. please be more explicit
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On 21 May 2023 at 17:14
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166 Points Posted on 21 May 2023
To consider fixed asset what is the minimum value of the asset
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On 21 May 2023 at 17:53
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ACCOUNTS MANAGER
2213 Points Posted on 23 May 2023

We can not consider something to be fixed assets by its value, rather the thing's life & the kind of work which is helpful to the business or a company .

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On 23 May 2023 at 13:49

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