Assets written off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2015
Dear experts
With the implication of schedule II of companies act, most of the assets of the company which have expired their life as per schedule II have to be write off from reserves & surplus. This is a way has reduced the value and nos of fixed assets of the company drastically.
How this will impact the networth of the compnay??
With the implication of schedule II of companies act, most of the assets of the company which have expired their life as per schedule II have to be write off from reserves & surplus. This is a way has reduced the value and nos of fixed assets of the company drastically.
How this will impact the networth of the compnay??
12 August 2015
Automatically, depleted.
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2015
it means this will be the case with a no of companies who invested a huge capital in the start of their business..
12 August 2015
Yes. They want the books should give a correct position of the Assets & Liabilities..
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