Purchase of Towel bed sheet
Yasir (article assistant ) (432 Points)
19 October 2023is this is expenses or fixed assets
Yasaswi Gomes new
(Finance )
(4479 Points)
Replied 20 October 2023
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
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 21 October 2023
Yasaswi Gomes new
(Finance )
(4479 Points)
Replied 23 October 2023
There is materiality as it leads to direct economic benefits
sabyasachi mukherjee
(26073 Points)
Replied 25 October 2023
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)