Easy Office
LCI Learning

Inherited assests

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 July 2012 If a person is proprietor of a firm and he shows all his acquired assets e.g.residential house, in his balance sheet of business, can he include the inherited assets e.g. property and cash in the balance sheet. If yes, what should be basis of valuation of property to show the value of property in the balance sheet.
Profile Image

ARUN KUMAR MAITRA

Profile Image

ARUN KUMAR MAITRA (Expert)
17 July 2012 Only business property can be shown in the Balance Sheet.
Profile Image

ARUN KUMAR MAITRA

Profile Image

ARUN KUMAR MAITRA (Expert)
17 July 2012 Valuation of the property shown in the Balance Sheet should be done through some experts like registered valuers or a C.A.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links