How can I show a buliding in balance sheet??

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4 Points Posted on 31 August 2020
From last three year a firm was having tax audit and the cost of building was not shown in balance sheet .
And onwards from now I have to show the cost in balance sheet .
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On 31 August 2020 at 22:36 Report
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Quick Summary
This discussion addresses how to include the cost of a building in a company's balance sheet, especially when it was previously omitted due to a tax audit. The core issue is how to reflect the asset's value and its impact on capital and cash. The advice given is to increase capital by the building's value and list it under fixed assets, even if existing capital is sufficient.

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12244 Points Posted on 01 September 2020
Increase the capital to the extent of value of building
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On 01 September 2020 at 02:27
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4 Points Posted on 07 September 2020
But what about cash.?
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On 07 September 2020 at 12:32
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12244 Points Posted on 07 September 2020
What cash? I can't understand
suppose if the value of building is 50 lakhs, increase the capital to the extent of 50 lakhs and show the value of building I. e. 50 lakhs under the heading fixed assets
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On 07 September 2020 at 16:46
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4 Points Posted on 11 September 2020
If in Case i don't want to increase capital because already i have enough capital .
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On 11 September 2020 at 17:16

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