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Post Info TOPIC: Fixtures and fittings
student2010


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Fixtures and fittings
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i have a question regarding fixtures and fittings. what to include and what not to include in fixtures and fittings?
thanks in advance


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MarkS


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Hi Student

Will depend on what the item is and the value as to whether you include it in the balance sheet or write off to the p&l.

Fixtures and Fittings tend to be things like tables, chairs, pictures etc.

MarkS



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
semsley


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Also depends on the cost involved - ie would not capitalise say a computer chair at £40 but would capitalise 20 of them.

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Advice from beyond the grave!!!

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student2010


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thanks :D

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