Accounting head
This query is : Resolved
27 April 2015
I have purchased a office and I am confused in which head to show the same, as a fixed asset or as a investment. Also i have not yet started using that office yet for any purpose,also let me know what to do after i start using the office.
I would be thankful to those who will try to solve this query for me. Thanks once again
Niket Shah
I would be thankful to those who will try to solve this query for me. Thanks once again
Niket Shah
27 April 2015
If you have purchased only office building capitalise as building. If it includes furniture and equipment capitalize it separately.
It is a fixed asset capitalize it and depreciate it yearly.
It is a fixed asset capitalize it and depreciate it yearly.
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27 April 2015
actually i have invested in same so i think i should show it in investment, still confused but thanks for your reply
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