Accounting Treatment — OpenTuition Forums

WWatson10y ago

Hi Mike, Would like to ask which accounting treatment does: 1) Cutter 2) Hacksaw 3) Tape goes 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.

MikeLittleTutor10y ago#1

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

Sshibly9910y ago#2

Thanks

MikeLittleTutor10y ago#3

You're welcome

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