I am conducting the audit of a hospital. With regard to the same pls tell me whether the instruments used in the hospital should be capitalised or charged to revenue a/c
16 September 2011
generally the instruments used as weapons for operations should be charged to revenue directly. There is no such specific criteria but considering the said items as heling tools we may charged directly to revenue. However if some items of which life is long enough it may be capilised.
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