Purchase of Property
This query is : Resolved
Shaik Shair Ali
(Querist)
20 August 2010
Dear Sir,
The value of property (House/Land) purchased shown in Balance Sheet should include registration charges & stamp charges or only we should take sale consideration amount?
Thanks in advance
The value of property (House/Land) purchased shown in Balance Sheet should include registration charges & stamp charges or only we should take sale consideration amount?
Thanks in advance
Aditya Maheshwari
(Expert)
20 August 2010
All assets incurred to purchase the house and expenditure on transfer paid by the buyer should be capitalised under fixed assest.
Shaik Shair Ali
(Querist)
20 August 2010
Thanks
Aditya Maheshwari
(Expert)
20 August 2010
U can also thank by using the thank user icon.
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