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accounts of Utensil

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(Querist)
03 March 2009 What is the treatment of Utensil of gold or silver,gold bar or silver bar, and gold coins or silver coins in the Balance Sheet under which head.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
03 March 2009 if its held as investment than under invetment n if held as stock than closing stock under current assets

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