Gold jewellery comes under which head in balance sheet

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Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2016 Sir,

Gold jewellery comes under which head in balance sheet of itr 4

Thanks in Advance

KAVIRAJA ADDANGADI (Expert)
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29 November 2016 You have to consider Gold and jewellery under Fixed Asset at purchase cost.

CA Pallav Singhania (Expert)
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30 November 2016 Jewellery should be shown as investment at cost ( until there is a permanent decline in the cost).

Dhirajlal Rambhia (Expert)
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03 October 2021 For Jewelers, having business of the gold jewelry, it will be under 'Stock in Trade.

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