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Is your personal house an asset ?

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53 Points Posted on 15 May 2020
Is your personal house an asset ?
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On 15 May 2020 at 08:31 Report
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Expert
192 Points Posted on 15 May 2020
Yes. if registry is on ur own name
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On 15 May 2020 at 09:55
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182 Points Posted on 15 May 2020
From accounting perspective :- yes it would be an asset if only you have control over it (there can be joint control with family members)

From a financial perspective :- it would be a waste asset because it does not give you cash inflow unless you rent it or sell it
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On 15 May 2020 at 12:05
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Profession Business
28198 Points Posted on 19 May 2020
Harshali


Its revenue recognition.


House is an asset.
since there is capital appreciation it is termed as a capital asset.
44 Reply
On 19 May 2020 at 11:29


CCI Pro

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