25 October 2013
In this register complete details and History of a Fixed Assets are maintained.
This register gives us the name of Assets, Date of Purchase, From whom purchased, When put to use, Depreciation for the year and W.D.V at close of every year.
Companies definitely maintain it as it comes under the purview of Auditor,s Report along with Balance Sheet and Proift & Loss.
CAclubindia
