a hotel purchase towel bed sheets pillow cover cushion for hotel
is this is expenses or fixed assets
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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.
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