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Land purchasing

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My Party (proprietor ) purchase land. I want to know can I show this in fixed assets or adjust in capital account .
Replies (4)
Land is not fixed assets , you can not include in fixed assets .

So so Sorry  Land  is Tangible  Asset   under  non current  Assets  in balance sheet  instead  of  Fixed Assets  ,  Sir extremely  sorry  due to over sight  this  mistake  has happened  . earlier   used term as fixed assets but now its non current  assets . I hope you will not misunderstood me .  

 

One's again so sorry , I don't how mistake happen.
Land needs to be shown under the heading "NON-CURRENT ASSETS" ( earlier termed as Fixed Assets ).


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