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Nitin Dalsania   28 July 2021

Shop purchase

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.

 4 Replies

Abhishek Purohit

Abhishek Purohit   28 July 2021

It is an ASSET ,show it under investment as investment property
2 Like
Deepak Kumar

Deepak Kumar   28 July 2021

I think you can show either fixed asset or investment under investment in property
1 Like

Nidhi (Chief Accountant)     31 July 2021

As its for rental purpose, you can show that as investment
1 Like

Sourav (Student)     31 July 2021

Show it as investment property
1 Like

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