Asset calcification
This query is : Resolved
S.Veda Prakash
(Querist)
17 June 2008
Are loans & Advances and debtors tangible assets or intangible assets
S.Veda Prakash
(Querist)
17 June 2008
But on the normal course of business they do not have physical existance
So this dosent fit into the definition.
So this dosent fit into the definition.
18 June 2008
They do have physical existence...Debtor is someone who owes money to business & he has physical existence...same in the case of loan or Advance reciever...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
