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Asset show in books

kollipara sundaraiah (     24 January 2021

kollipara sundaraiah 
 18 likes  1071 points

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one of a service income I.t return individual status filed assess purchases of residential house value Rs:35 lacs.assess this value debited to capital account or asset show in under fixed assets head is correct method.

Sourav (Student)     24 January 2021

 249 likes  3809 points

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It will be shown under fixed assets
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     24 January 2021

CA Rashmi Gandhi
Chartered Accountant 
 4500 likes  56379 points

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Show the house at above stated value in Fixed Assets

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