Kishore Nuthalapati (Accountant for multiple small entities) (151 Points)
04 July 2023
Yogin
(Assistant Manager)
(78 Points)
Replied 04 July 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 05 July 2023
Hospital and school accounting is different! Why?
Sanjana Mohanty
(100 Points)
Replied 10 July 2023
The classification of power and fuel expenses as either direct or indirect expenses depends on the specific context and accounting practices of the hospital. Generally, if power and fuel expenses can be directly traced and allocated to a particular cost center or department within the hospital, they may be considered direct expenses. On the other hand, if these expenses are incurred for the overall operation of the hospital and cannot be directly attributed to a specific cost center, they may be treated as indirect expenses. It is advisable to consult with a professional accountant or refer to relevant accounting standards for accurate categorization based on the hospital's specific circumstances.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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