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treatment of assets found in IT SERVY??????

This query is : Resolved 
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(Querist)
22 December 2009 CAN ANY ONE TELL ME WHT IS THE ACCOUNTING ENTRY V CAN PASSED FOR ASSESTS FOUND IN IT SERVY????????
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CA Deepak P. Agrawal

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CA Deepak P. Agrawal (Expert)
06 January 2010 I hope you mean survey?
If say cash is found excess then
Cash A/c. Dr
To Capital A/c.
At he time of computaion add such excess to income.

If say stock is found excess then
Stock A/c. Dr
to Capital.
At end of year closing stock will show incresed value and it will automaticaly form part of income

Regards
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Querist)
06 January 2010 thnx sir
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