Account
bikash rai (accountant) (281 Points)
22 May 2017
dear sir,
in construction business, purchased land for construction and ready building for sales is investment in Balance Sheet??
5 Replies
bikash rai
(accountant)
(281 Points)
Replied 25 May 2017
Dear Sir
What isThe Depreciation rate of Fitting & Fixture and also Tools ? Please reply as early as possible.
Thanking You
Bikash Rai
West Bengal
Naseem
(Practice)
(34 Points)
Replied 31 May 2017
Sir as per As 13 Accounting for Investment, Investments are assets held by an enterprise for earning income by
way of dividends, interest, and rentals, for capital appreciation, or for
other benefits to the investing enterprise. Assets held as stock-in-trade are
not ‘investments’.
In this case construction CO. held constructed building for sale . that mean assets held as stock in trade.
Naseem
(Practice)
(34 Points)
Replied 31 May 2017
Sir as per As 13 Accounting for Investment, Investments are assets held by an enterprise for earning income by
way of dividends, interest, and rentals, for capital appreciation, or for
other benefits to the investing enterprise. Assets held as stock-in-trade are
not ‘investments’.
In this case construction CO. held constructed building for sale . that mean assets held as stock in trade.
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