Menu
Cost incurred by firm to sell asset
cost incurred by firm to sell asset( machinery & plants) is recorded in which account and what is the name for the account???
Replies (2)
As per accounting standard cost incurred for firm is debited to asset account. Cost of improvement and other expenses till the asset is put to use is capitalised as per accounting standard 10.
I mean the expense to sell the machinery/plant like advertisement for sell of this assets
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
