Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2014
My Co. Has change the land with other co. without consideration all exp. will bear by other co what is the treatment in accounting
Example
Land Given 8Acre in X village and Received in 7 acre in Y Village another 6Acre in A village and receive 7 acre in B Village
Case1 If land is Stock in Trade
Case2 If land is Fixed Asset
According to AS-2 and 10
Example
Land Given 8Acre in X village and Received in 7 acre in Y Village another 6Acre in A village and receive 7 acre in B Village
Case1 If land is Stock in Trade
Case2 If land is Fixed Asset
According to AS-2 and 10
21 February 2014
change means exchanged? asset against asset means land for land?
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2014
Yes
land against land
land against land
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