pooja item of silver and gold
This query is : Resolved
R.kathiresan
(Querist)
12 August 2009
how are the pooja item of silver and gold treated are they shown as fixed asset or as invwestments ?
C.A Rohit Gambhir
(Expert)
12 August 2009
This depends upon the motive for which they are purchased. If they are purchased for temple in the premises then fixed asset if the intention is to sell when the prices will go up then investment.
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