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Shop purchase

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12 Points Posted on 28 July 2021
shop purchase for rental income or capital appreciation in propriotery firm.
is it taken as a fixed assest or in capital account in books of account.
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On 28 July 2021 at 18:50 Report
Replies (4)
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52 Points Posted on 28 July 2021
It is an ASSET ,show it under investment as investment property
1 Reply
On 28 July 2021 at 21:27
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791 Points Posted on 28 July 2021
I think you can show either fixed asset or investment under investment in property
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On 28 July 2021 at 23:30
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Chief Accountant
3150 Points Posted on 31 July 2021
As its for rental purpose, you can show that as investment
9 Reply
On 31 July 2021 at 12:06
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Chartered Accountant
24588 Points Posted on 31 July 2021
Show it as investment property
129 Reply
On 31 July 2021 at 12:08


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