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FIXED ASSET

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2010 CAN A PROFESSIONAL SHOW MOBILE PHONE AND COMPUTER, USED FOR PERSONAL PURPOSES, IN HIS BALANCE SHEET AS FIXED ASSETS???
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CA Shiv

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CA Shiv (Expert)
07 July 2010 yes... but dont show tht he is using for personal purpose... prove that its used for business purpose...
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Rahul Gupta

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Rahul Gupta (Expert)
08 July 2010 Agreed. You can show only if it can be proved that it is used for the professional purpose.
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