Accounting for race horse
This query is : Open
PRABIR BASAK
(Querist)
08 July 2013
Race horse used for running in race course.
How this horse should be account for? Is it Investment or What? please help me in this issue.
How this horse should be account for? Is it Investment or What? please help me in this issue.
CMA Ramesh Krishnan
(Expert)
08 July 2013
It is an live stock. cannot be treated as investment
08 July 2013
Show them as asset as through them income is earned.
PRABIR BASAK
(Querist)
09 July 2013
Which category of asset it is?
PRABIR BASAK
(Querist)
09 July 2013
which category of Assets it is?
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