banner_ad

Asset received as a free gift

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 October 2014 respected sir/ madam,

i would like to know the accounting treatment for for this :
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
31 October 2014 Book the value of the car as Rs.99,000 and bicycle as Rs. 1,000.
Profile Image

shikha

Profile Image

shikha (Querist)
31 October 2014 but i have not paid any amount for byicycle ??? and any AS in this reference ???
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
31 October 2014 You have paid 1,00,000 and received car and bicycle. Instead of giving discount to car they have given bicycle.
Profile Image

shikha

Profile Image

shikha (Querist)
31 October 2014 okie. i got it .. thanks.. but is there any ACcounting Standard in this Reference ???
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details