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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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

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