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Goods for display

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(Querist)
13 December 2010 Goods received from supplier free of cost for the purpose of display, will it be taken as fixed asset on nil value or what will be the treatment for the same?

Kindly suggest on abhi.honey22221@gmail.com
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 December 2010 I think the same could be sold in the open market also and hence should be part of stock in trade though valued at NIL.

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