A Hospital company has receieved a Refigarator as Gift on a contest.
Same is accounted as General consumables (Direct purchase) in Nil value,
Is it necessary to Capitalise such item and charge depreciation,If it is to be capitalised ,how entries should be passed.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
