a hotel purchase towel bed sheets pillow cover cushion for hotel
is this is expenses or fixed assets
Menu
Purchase of Towel bed sheet
Replies (5)
Hotel, school and hospital industry is different but all AS standards are applicable when there is a commercial transactions. So it must be capitalised as it's similar to overhaul expenses
You may account it under furniture ( Property Plant and equipment)
No depending on the value materiality.
There is materiality as it leads to direct economic benefits
Purchase of towel bed sheet , there is economic benefit.I beg to differ.
Recent Threads
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
Related Threads
CAclubindia
