Pls answer..
This query is : Resolved
16 November 2013
'Every transaction changes your financial position' says a book. Now if I have 1 crore and I buy an apartment with the same amount, this is very much a transaction but how has my financial position changed? because I had an asset,cash 1 crore and now I have an apartment which is also an asset worth 1 crore.. so don't you think my financial status/position is still the same? If yes, what does the writer exactly mean by the above sentence?
16 November 2013
ya its true,
Till you have Cash , your financial position is very strong and its liquidity with you.
As soon as you have bought a apartment liquidity apart from you.
Earlier your liquid asset worth Rs. 1 Crore.
Now its your Fixed Asset worth Rs. 1 Crore.
Till you have Cash , your financial position is very strong and its liquidity with you.
As soon as you have bought a apartment liquidity apart from you.
Earlier your liquid asset worth Rs. 1 Crore.
Now its your Fixed Asset worth Rs. 1 Crore.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Gst input for FY 23-24
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
