Good sold for shares

Quick Summary
This discussion explores the correct balance sheet classification when a company receives shares or machinery in exchange for goods. It clarifies that shares received are typically disclosed under 'Investments' (current or non-current depending on liquidity), while machinery is recorded under Property, Plant, and Equipment (PPE). The thread also touches upon classifying assets not used in operations, distinguishing between 'held for sale' and general non-current assets.

Depends upon the life of the asset. Long-term is non current and short term is current assets. Only company accounts are shown as company accounts. Other assets cannot be included. Only two types of assets, capital assets used in business and assets used for capital appreciation like land and share investments 

Yes agree with you sir
but the company get this asset(machine) from its INSOLVENT debtor and the company is intend to sell this machine so why query is how this machinery is recorded in company balance sheet till it is not sold ??

Dr Held for sale asset 

Cr. Debtors

And Dr. Any loss as impairment loss. Stop depreciation 

In My opinion sale for exchange of machinery,

If such machinery is not used in the normal course of business then such assets must be classified under investments be it current or non-current. 

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