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Accounting treatment

274 views 3 replies

anand

Accounts and Finance

84 Points Posted on 01 September 2016

Display Bikes or Test Drive Bikes in dealer showroom,should be shown under Fixed Asset or Inventory?

Replies (3)

vineet kumar

Student CA IPC / IPCC

85 Points Posted on 03 September 2016

It should be shown under inventory.. Because, usually showroom not using bikes for more then 12month..for test derive
It is fall in definition of current assets.

pooja

student

85 Points Posted on 03 September 2016

I think it will be a fixed asset bcz it is some how helping fr generation of revenue fr the show room

vineet kumar

Student CA IPC / IPCC

85 Points Posted on 03 September 2016

Yes.. But it has used for more then 12month

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