Accounting treatment of Purchase of fixed assets using corpus fund
This query is : Resolved
Sulafa S.V
(Querist)
28 April 2025
Dear Sir,
Could you please tell me, What is the accounting treatment for corpus funds used for purchasing fixed assets?
Could you please tell me, What is the accounting treatment for corpus funds used for purchasing fixed assets?
CA R SEETHARAMAN
(Expert)
28 April 2025
Capitalise the assets and claim depreciation and adjust the depreciation against corpus fund.
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