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    vinnuerrabelli's Avatar
    vinnuerrabelli Posts: 1, Reputation: 1
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    #1

    Dec 23, 2010, 06:06 AM
    Lossetools-current asset or fixedassets
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #2

    Dec 23, 2010, 07:33 AM
    I would suggest you to please refer to International Accounting Standard 2 - Inventories where loose tools are referred to as consumable stores
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