Accounting for land and building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2014
How to determine if a property is to be accounted as a fixed asset, inventories or investment?
23 September 2014
Fixed asset :- Asset purchased for use.
Inventories :- Asset purchased for sale in the business.
Investment :- Asset purchased for sale in future for capital appreciation.
Inventories :- Asset purchased for sale in the business.
Investment :- Asset purchased for sale in future for capital appreciation.
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