banner_ad

Fixed Assets

Statutory Audit 884 views 7 replies

Can anyone please tell me if there is a separate disclosure needed for Furniture and Office Equipment in the final schedule to Balance Sheet, or is it fine if we club both of them and show the aggregate.

I mean is it okay to show in final shecdule as:

Furniture and Office Equipment

or should it be:

Furniture

Office Equipment

Replies (7)

Yes, they can be clubbed, provided the depreciation rates are the same...they can be discosed as fur and OE

no need to show them separately............ you may club them in the balance sheet.............

Appear as a clubbed figure in balance sheet............but has to be valued separately i.e, to be shown separately in fixed asset register for depreciation purpose..........!!!

hi

you better do  show the separte furniture  and Office equipments it is very useful for you when your required the Deletion of the furniture and office equipments claim the separately otherewise clubbed the both means it called block Assets either furniture nor office equipments lost/loss/theft you can't claim the separtely that way you show both assets separtely it is better for the future.

hi

you better do  show the separte furniture  and Office equipments it is very useful for you when your required the Deletion of the furniture and office equipments claim the separately otherewise clubbed the both means it called block Assets either furniture nor office equipments lost/loss/theft you can't claim the separtely that way you show both assets separtely it is better for the future.

hi

you better do  show the separte furniture  and Office equipments it is very useful for you when your required the Deletion of the furniture and office equipments claim the separately otherewise clubbed the both means it called block Assets either furniture nor office equipments lost/loss/theft you can't claim the separtely that way you show both assets separtely it is better for the future.

Hi All,

 

In my opinion the furniture and fixtures and the office equipments cant be merged and shown together because the rate of depreciation of both are different (i.e.. 18.10% and 13.91% respectively)

 

 

So, we have to show them separately.

 

I hope it clarifies your doubt...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details