How to show asset value of houseproperty used for business?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 March 2018
hello,
If I had given a house property for rent to a hotel , later i aquire such hotel , it would be under business/profession
how should i treat in books ?
what value should i provide for houseproperty in balance sheet ?
If I had given a house property for rent to a hotel , later i aquire such hotel , it would be under business/profession
how should i treat in books ?
what value should i provide for houseproperty in balance sheet ?
10 March 2018
Provide cost of the house in the balance sheet.
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