Accounting treatment of fixed asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2010
If a business gets fixed asset by way of gift, then how would it be accounted in books? As per AS-10, asset will be recorded if something has been paid for it.
25 July 2010
SHOW IT AT NOMINAL VALUE OF RS 1!
13 August 2010
agree with mr.Aashish
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