A ready to move building received as donation from govt.
This query is : Resolved
HRUSIKESH NANDA
(Querist)
10 August 2019
As it is a NPO registered under XXI of 1860
1. What would be the value of building
2. How it reflect in R/P, I/C and Balance Sheet.
1. What would be the value of building
2. How it reflect in R/P, I/C and Balance Sheet.
CA R SEETHARAMAN
(Expert)
11 August 2019
1 The amount spent by govt will be the value of the building. You can obtain it from concerned officials.
2 Not to be shown in R/P, I/E straight away show it in balance sheet under assets side building and liability side govt grant.
2 Not to be shown in R/P, I/E straight away show it in balance sheet under assets side building and liability side govt grant.
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