a hotel purchase towel bed sheets pillow cover cushion for hotel
is this is expenses or fixed assets
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
There is materiality as it leads to direct economic benefits
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
