A company had a CWIP last year. Due to some event the same was not capitalised and has been written off. Under which head this writting off to be shown in Sch VI?
Ankit CA and CS (Manager - Accounts) (204 Points)
12 May 2010A company had a CWIP last year. Due to some event the same was not capitalised and has been written off. Under which head this writting off to be shown in Sch VI?
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 12 May 2010
it will be shown as capital work in progress under the head fixed asset as :
Gross block :
less deprecitaion :
net Block :
add Capital work in progress
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 12 May 2010
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