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Balance Sheet

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(Querist)
20 September 2019 Jewellery is capital assets and also liable of capital gain tax
A small bussiness by individual and he want to show his jewellery in balance sheet in assets side . It possible
or treated as a drawings
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Gokul Sharma

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Gokul Sharma (Expert)
20 September 2019 if asset is purchased in the name of firm then its a fixed asset for company.

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