I am auditing a trust ie. educational institution. Should the trust follow the limitation of fixed asset capitalization of Rs.5000 as per companies act?
Menu
Trust fixed asset
Replies (1)
Companies act only applicable to companies .
but as per normal accounting practice, we wil charge those purchase to p and l
Recent Topics :
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
Related Topics :
CAclubindia
