Accounting for Display Items

arunkumar (CA Final NCMP (Level - I)) (83 Points)

05 January 2009

Can anyone say how to account for Display Items in a curtains showroom( Whether to classify them as Fixed asset or Stock-in-trade

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5 Replies

arun (SERVICE) (22 Points)
Replied 09 January 2009

stock in trade

ANIRBAN BANERJEE (Student) (298 Points)
Replied 29 January 2009

DEFINITELY STOCK IN TRADE

(Guest)

Originally posted by :arun
"	stock in trade	"

Ahmed (Accounts) (77 Points)
Replied 04 February 2009

yes its not a fixed assets its a stock in trade

For further details , I will be more than glad to do the needful.

Thanks

CA Devanshi Gandhi (Ajani) (FCA DISA Mcom CIFRS & LLB) (9060 Points)
Replied 28 March 2009

its obviously stock in trade

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