Investment in shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
Will investment in shares be called tangible asset or intangible asset? please clarify with reason.
12 August 2010
Its a tangible asset.Please refer to AS 26 for examples on intangible assets.
An intangible asset is an identifiable non-monetary asset, without physical substance, held for use in the production or supply of goods or services, for rental to others, or for administrative purposes
An intangible asset is an identifiable non-monetary asset, without physical substance, held for use in the production or supply of goods or services, for rental to others, or for administrative purposes
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Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2010
Hi, thanks for your reply. I agree with your view. But going by the definition of tangible asset, will investment be called tangible asset?
21 August 2010
Yes. Investments are tangible assest only, since it having physical substance through share certificate and other documents
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