Easy Office
LCI Learning

Accounting treatment of fixed asset

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 July 2010 If a business gets fixed asset by way of gift, then how would it be accounted in books? As per AS-10, asset will be recorded if something has been paid for it.
Profile Image

Ca Aashish Upadhyay

Profile Image

Ca Aashish Upadhyay (Expert)
25 July 2010 SHOW IT AT NOMINAL VALUE OF RS 1!
Profile Image

Lalit Maheshwari

Profile Image

Lalit Maheshwari (Expert)
13 August 2010 agree with mr.Aashish
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links