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bikash rai (accountant) (281 Points)

22 May 2017

dear sir, in construction business, purchased land for construction and ready building for sales is investment in Balance Sheet??

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5 Replies

Sunil Sharma (CMA & CS) (584 Points)
Replied 22 May 2017

Yes...

1 Like

bikash rai (accountant) (281 Points)
Replied 22 May 2017

THANKS YOU SIR

bikash rai (accountant) (281 Points)
Replied 25 May 2017

Dear Sir

What isThe Depreciation rate of Fitting & Fixture and also Tools ? Please reply as early as possible.

Thanking You

Bikash Rai

West Bengal

Naseem (Practice) (34 Points)
Replied 31 May 2017

Sir as per As 13 Accounting for Investment, Investments are assets held by an enterprise for earning income by way of dividends, interest, and rentals, for capital appreciation, or for other benefits to the investing enterprise. Assets held as stock-in-trade are not ‘investments’. In this case construction CO. held constructed building for sale . that mean assets held as stock in trade.