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Hi Mike,
Would like to ask which accounting treatment does:
1) Cutter
2) Hacksaw
3) Tapegoes to?
I’ve been thinking that cutter & tape should go to stationery account and hacksaw goes to repair and maintenance? Is that correct? If not, which account?
Thanks.
Depends on the type of cutter but I’d be inclined to put cutter and hacksaw into tools and equipment and tape into consumables
But, of course, if the client is Shell UK, then I would simply expense them as being (probably) totally immaterial to the fair presentation of the financial statements
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