Fixed assets purchase before incorporation
sourav kumar (frg) (41 Points)
02 June 2016sourav kumar (frg) (41 Points)
02 June 2016
JOJY THOMAS
(CHARTERED ACCOUNTANT)
(295 Points)
Replied 03 June 2016
Matter to be included in the agenda of the first board meeting and get it ratified by the members and the same should also be recorded in the minutes with relevant details. You can capitalise the same based on the above duly convened and approved board meeting
CA. PREM NAILWAL
(AUDITOR)
(39 Points)
Replied 25 August 2016
can you legalise your stand on some concept or any section for capitalising such transactions??
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