Asset less than rs. 5000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2013
What is the treatment of assets which is discarded from the books on the condition of value less than Rs.5000,whether it should be removed from its actual use..or what if the company is utilising that assets even after its Nil value
04 August 2013
It can be written off in the year of purchase. and can be keep in book at Re.1
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