Accounting treatment
anand (Accounts and Finance) (84 Points)
01 September 2016
Display Bikes or Test Drive Bikes in dealer showroom,should be shown under Fixed Asset or Inventory?
3 Replies
vineet kumar
(Student CA IPC / IPCC)
(85 Points)
Replied 03 September 2016
It should be shown under inventory.. Because, usually showroom not using bikes for more then 12month..for test derive
It is fall in definition of current assets.
It is fall in definition of current assets.
pooja
(student)
(85 Points)
Replied 03 September 2016
I think it will be a fixed asset bcz it is some how helping fr generation of revenue fr the show room
vineet kumar
(Student CA IPC / IPCC)
(85 Points)
Replied 03 September 2016
Yes.. But it has used for more then 12month
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