Accounting standard-12 application for depreciable assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2012
There are computers obtained on Government Grants and they have not been shown in their Balance Sheet at a nominal rate nor they are taken into P&L A/c as they are depreciable asstes.
So my point is that whether to now include it as a asset or do some other treatment.
Plz help me with detailed explanation of AS-12
So my point is that whether to now include it as a asset or do some other treatment.
Plz help me with detailed explanation of AS-12
SANYAM ARORA
(Expert)
12 September 2012
Refer - https://www.mca.gov.in/Ministry/notification/pdf/AS_12.pdf
Regards
Sanyam
Regards
Sanyam
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