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)
Quick Summary
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 Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
