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Fixed asset register

Kalpesh Mutha (B.com, F.C.A, C.S) (239 Points)

22 September 2011

Hi Frnds,

Whether the Fixed Asset Register required to be maintained as per section 209 of the companies act 1956 can be maintained in SAP or excel form.

Or is it necessary to maintain it manually.

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8 Replies

navinkumar naicker (Article) (419 Points)
Replied 22 September 2011

u can maintain it in Excel format

valji (Accounts manager-MBA) (2150 Points)
Replied 22 September 2011

maintain in excel format

Ateeq (CA - Final) (213 Points)
Replied 22 September 2011

Criteria as per the companies act is the maintenance of register. Hence It can be maintained in soft copy as well.

Kalpesh Mutha (B.com, F.C.A, C.S) (239 Points)
Replied 22 September 2011

Can anyone tell me the different details to be incorporated in the register as per companies act 1956, or does anyone has a format of the same as per the companies act 1956.

Devendra V Joshi (Chief Accounts Officer) (29 Points)
Replied 23 September 2011

You can keep either sofy copy or in excel or use some good package for fixed assets . Its really good. It will give you asset number and all you need.

devendra