1.it assess any assets purchase (site and agriculture land and flat and jewellery) show procedure in books and it returns
2.assess any assets purchase value debited to capital account or current assets group show in correct procedure.
Menu
Assets show procedure
Replies (1)
For purchase of any asset
debit asset account
and credit bank/cash account
Assets must be shown under Fixed assets group
Recent Threads
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
Related Threads
CAclubindia
