Current assets??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2011
Indentify which of the following are current assests
a) unabsorbed exp
b) shares in reliance
c) deferred tax assest ( Comp would make huge losses in the cmg year
d) debt divided by equity
a) unabsorbed exp
b) shares in reliance
c) deferred tax assest ( Comp would make huge losses in the cmg year
d) debt divided by equity
01 October 2011
None of the item mentioned in the querry are current assets
03 October 2011
According to me "Shares in Reliance" will form part of Current assets as it can be readily sold in the market. But it all depends upon the intention of the concern whether hold for long term or short term purpose.
03 October 2011
i completely agree with the remarks of ca nitin agrawal
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
