Gold jewellery comes under which head in balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2016
Sir,
Gold jewellery comes under which head in balance sheet of itr 4
Thanks in Advance
Gold jewellery comes under which head in balance sheet of itr 4
Thanks in Advance
29 November 2016
You have to consider Gold and jewellery under Fixed Asset at purchase cost.
30 November 2016
Jewellery should be shown as investment at cost ( until there is a permanent decline in the cost).
03 October 2021
For Jewelers, having business of the gold jewelry, it will be under 'Stock in Trade.
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