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Agriculture land
dear sir, Can I show agri land in fixed asset of balance sheet. and when to show agri land in balance sheet.
Replies (2)
Agri Land is an asset since revenue is expected to be generated either through sale or rental or any other periodic benifits and if it is for more than one year then can be shown as fixed asset.
Depends on what purpose to show in BS
if you have bought Agri Land then show it under Fixed Assets.
if you have bought Agri Land then show it under Fixed Assets.
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