undisclosed asseest

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Chandan sharma (Querist)
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21 March 2017 Assest like land purchased earlier but not disclosed in balance sheet. Now how to disclosed the land in current balance sheet.

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Ruchi (Expert)
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21 March 2017 What is the constitution of the firm , it is proprietorshop, partnership, company or what??

Chandan sharma (Querist)
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21 March 2017 proprietorship

Ruchi (Expert)
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22 March 2017 Simply credit the Capital a/c and Debit the Land a/c with the cost price preferably.

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