Exp of e stamp paper for business of documentation

This query is : Resolved

sanjay (Querist)
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04 August 2014 Hello All
Sir
I am a accountant and needs your help to solve 1 question of mine. My client is having a business of documentation writing. He make payment to Stock Holding for taking E Stamp Papers. Now he will treat this amount as a purchase or an investment in his books of accounts while preparing P & Loss A/c and Balance Sheet?
Kindly clarify it please.
Regards
Sanjay

CA UMESH DULAL

CA UMESH DULAL (Expert)
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04 August 2014 Purchase. If there is balance with stock holding as on 31/03, this amount should be shown as advance against purchase (current Asset)

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