Fixed Assets

This query is : Resolved

Mini (Querist)
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05 April 2009 In case due to defects, fixed assets already capitalised are returned to the supplier can it be shown as a deletion in the block?

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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05 April 2009 yes

Taranjit Singh

Taranjit Singh (Expert)
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05 April 2009 Dear friend. Block of assets will be prepared at the end of the year while calculating depreciation. So only those assets are shown in block which are depreciable or which are sold are shown in the sale column. So asset returned will not appear in block.

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