UNABLE TO UNDERSTAND THE MEANING OF IF IT IS YOUR BUSINESS? I AM WORKING IN A INDUSTRY. NOW ADVISE CAN WE SALE A ASSET ON PROFIT OR LOSS IN CWIP A/C MEANS WITHOUT CAPITALISED.
05 April 2013
it means if it is your business to sell purchase of that asset then this is not capitalised. if the asset is your fixed asset then it will be capitalised first
CAclubindia
