Fixed assest or investment

sir,
shop purchase new,
not for personal or buisness use,

should i show under investment or fixed assest in balance sheet.

loan from friend on interest, can i show in capital account or mandatory to show as liablity?
Replies (2)
Quick Summary
This discussion addresses the correct accounting treatment for a newly purchased shop not intended for personal or business use. It clarifies whether the shop should be classified as a fixed asset or an investment on the balance sheet. Additionally, it explores how to account for a loan taken from a friend with interest, specifically whether it can be included in the capital account or must be shown as a separate liability.

1. Fixed Asset.

2. Loan Liability...

Query 1:- Show under Fixed Assets

query 2:- Loan under liabilities side

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