How to control fixed assets in an organisation.
This query is : Resolved
03 December 2016
.
05 December 2016
If u r asking regarding audit purpose then u must check purchase value of the respective asset in the block of asset, and depn. on the asset accordingly. IF the depn. is provided as per IT act or companies (as applicable), if sold then the profit/loss transferred accordingly and same treatment for accumulated depn. If u have more queries other then than then please elaborate.
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