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undisclosed asseest

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(Querist)
21 March 2017 Assest like land purchased earlier but not disclosed in balance sheet. Now how to disclosed the land in current balance sheet.
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Ruchi

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Ruchi (Expert)
21 March 2017 What is the constitution of the firm , it is proprietorshop, partnership, company or what??
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Chandan sharma

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Chandan sharma (Querist)
21 March 2017 proprietorship
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Ruchi

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Ruchi (Expert)
22 March 2017 Simply credit the Capital a/c and Debit the Land a/c with the cost price preferably.
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