A gym having exercise machines are what type of asset to that gym?
Gyms are considered as service providers or not?
It is Fixed Asset for the gym. Yes gym is considered as service provider.
Nitish Kumar (72 Points)
11 August 2018
Ankita Chachan
(practitioner)
(548 Points)
Replied 11 August 2018
It is Fixed Asset for the gym. Yes gym is considered as service provider.
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 11 August 2018
Yes... You can account under Plant & Machinery as Equipments. Some of the Furnitures like under "Furniture & Fittings"
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