Current assets??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2011
Indentify which of the following are current assests
a) unabsorbed exp
b) shares in reliance
c) deferred tax assest ( Comp would make huge losses in the cmg year
d) debt divided by equity
a) unabsorbed exp
b) shares in reliance
c) deferred tax assest ( Comp would make huge losses in the cmg year
d) debt divided by equity
Preety Parik
(Expert)
01 October 2011
None of the item mentioned in the querry are current assets
CA. Nitin Agrawal
(Expert)
03 October 2011
According to me "Shares in Reliance" will form part of Current assets as it can be readily sold in the market. But it all depends upon the intention of the concern whether hold for long term or short term purpose.
CA Pushpendra Gaur
(Expert)
03 October 2011
i completely agree with the remarks of ca nitin agrawal
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