kitchen utensil and expense will be classified to which account for office use
3 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 08 March 2016
You can consider utensils as assets
Kamal vashist
(Accountant)
(183 Points)
Replied 09 March 2016
Yes you should take it as a Current Assets
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 09 March 2016
It is not a current asset. Calsify as fixed asset- office equipment if the value is more than 5000
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