Purchase of Towel bed sheet
Yasir (article assistant ) (470 Points)
19 October 2023is this is expenses or fixed assets
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 20 October 2023
Hotel, school and hospital industry is different but all AS standards are applicable when there is a commercial transactions. So it must be capitalised as it's similar to overhaul expenses
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 21 October 2023
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 23 October 2023
There is materiality as it leads to direct economic benefits
sabyasachi mukherjee
(27650 Points)
Replied 25 October 2023