Inclusion of bank guarantee in cost of Fixed Assets...
This query is : Resolved
26 September 2010
Dear Experts,
Is it possible to add the bank guarantee in the cost of Fixed Assets?
As far as i know since it does not involve any cash outflow it cannot be added.
Pls. guide me whether i am right or not...
Thanks,
With regards,
Rajesh.
Is it possible to add the bank guarantee in the cost of Fixed Assets?
As far as i know since it does not involve any cash outflow it cannot be added.
Pls. guide me whether i am right or not...
Thanks,
With regards,
Rajesh.
26 September 2010
you are right, bank guarantee is one type of security for performance or payment, so it will not part of Fixed asset
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