Restaurant
Kitchen Equipment Purchase (Oven / Grill)
Buying a commercial convection oven for the kitchen.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Kitchen Equipment | Asset (+) | 5,000.00 | - |
| Cash / Bank | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
Equipment with a useful life over one year is capitalized as a fixed asset, not expensed immediately. It will be depreciated over its expected life (typically 5–10 years).
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