What was the treatment of earlier purchased fixed asset


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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2015 if I purchased a fixed asset 2 year ago, but I have not shown the transaction in the books of accounts.
But now I want to show the purchased fixed assets in the books of accounts.
please reply after considering all matter related to this transaction include depreciation

11 February 2015 What is the form of organisation? Proprietor, Partnership or Company?

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 February 2015 proprietorship hai

25 February 2015 Show the transaction at its depreciated value

25 February 2015 it will be shown under assets side balance sheet at wdv after providing applicable depreciation


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