22 April 2010
Closing Stock 31.03.2009 Computer: unit 1 10,000.00 Unit 2 10,000.00 From 01.04.2009 onwards I wish to use unit 2 as an office equipment. What will be the accounting treatment?
22 April 2010
you can do coversion of stock in trade to FA... pass entry in books of accounts.
Computer(FA) to Stock.... ( closing value of the stock only) Do not appreciate or deprecitate while transferring the amount... keep the same amount only
CAclubindia
