AS-10 (ACCOUNTING FOR FIXED ASSETS
This query is : Resolved
AJIT VERMA
(Querist)
22 September 2007
What should be the proper treatment as per AS-10, Accounting for Fixed Assets, for writing off brought forward balance of capital liability against acquisition of a Capital Asset in earlier years, whether it should be adjusted with the respective capital asset or to be charged to Profit & Loss Account as Liabilities no longer required written back,?
AjeshkumarM.P
(Expert)
22 September 2007
https://www.icai.org/icairoot/resources/as_index.jsp
pls open this page
pls open this page
AJIT VERMA
(Querist)
22 September 2007
I want to know the opinion of the experts.
CA Manish Iyer
(Expert)
22 September 2007
Adjust to the value of fixed assets and depreciate prospectively
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