Leasehold land
This query is : Resolved
singh1513@gmail.com
(Querist)
07 September 2011
sir please suggest me.........accounting treatment.
Q.leasehold land shown in trial balance debit balance Rs. 20,000.
adjustment,
leasehold land was purchased during the year.on the date of purchase the unexpired period of lease was 5 years.
Q.leasehold land shown in trial balance debit balance Rs. 20,000.
adjustment,
leasehold land was purchased during the year.on the date of purchase the unexpired period of lease was 5 years.
CA Pushpendra Gaur
(Expert)
03 October 2011
well the depreciation to be charged on the lease hold asset on straight line basis and the yearly depreciation will be Rs 4,000
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