Household goods

This query is : Resolved

MALAY DAS (Querist)
Follow

28 January 2013 dear sir
where i shown the vale of household goods
of Rs 42500 in balance sheet as fixed assets or current assets? in fixed assets
schedule there gross block less: depriciation = net block but here house hold goods is not used for the business so not get depriciation, please advice me thanks,

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

28 January 2013 In Gross Block of Business add 42500/- also . It is not necessary that on each item of Gross Block Depreciation is required to be charged. In the Depreciation Schedule Mention only those on which Dep. has been charged for matching the Dep. figure.
.
This is applicable for your commission agent clients.
.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now