Fixed assets
This query is : Resolved
raghavendra kamat
(Querist)
27 July 2012
Water tank..under wchich of head it should be shown in Fixed asstes??
CA Mahesh Vekariya
(Expert)
27 July 2012
Dear Kamat
It is depends upon the case..
Like if water tank is constructed with help of cement and concrete than it is a part of building and if it made from plastic (Sintex)and company purchase is to store the water than you can show it under fixed asset head.
It is depends upon the case..
Like if water tank is constructed with help of cement and concrete than it is a part of building and if it made from plastic (Sintex)and company purchase is to store the water than you can show it under fixed asset head.
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