Fixed assets query
This query is : Resolved
29 March 2013
CAN WE SALE A ASSET ON PROFIT OR LOSS WITHOUT CAPITALISED
WITHOUT CAPITALISED MEANS IN CWIP A/C
WITHOUT CAPITALISED MEANS IN CWIP A/C
CA Prashant Gupta
(Expert)
29 March 2013
if it is your business.
otherwise when you purchase an asset it will automaticlly come in fixed asset register
otherwise when you purchase an asset it will automaticlly come in fixed asset register
03 April 2013
SIR
UNABLE TO UNDERSTAND THE MEANING OF IF IT IS YOUR BUSINESS? I AM WORKING IN A INDUSTRY. NOW ADVISE CAN WE SALE A ASSET ON PROFIT OR LOSS IN CWIP A/C MEANS WITHOUT CAPITALISED.
UNABLE TO UNDERSTAND THE MEANING OF IF IT IS YOUR BUSINESS? I AM WORKING IN A INDUSTRY. NOW ADVISE CAN WE SALE A ASSET ON PROFIT OR LOSS IN CWIP A/C MEANS WITHOUT CAPITALISED.
CA Prashant Gupta
(Expert)
05 April 2013
it means if it is your business to sell purchase of that asset then this is not capitalised.
if the asset is your fixed asset then it will be capitalised first
if the asset is your fixed asset then it will be capitalised first
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