Poonawalla fincorps
Poonawalla fincorps

Accounting for land and building

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2014 How to determine if a property is to be accounted as a fixed asset, inventories or investment?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 September 2014 Fixed asset :- Asset purchased for use.
Inventories :- Asset purchased for sale in the business.
Investment :- Asset purchased for sale in future for capital appreciation.

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