why sometimes building is shown liabilty side of balance sheet
?¿
kindly help me ¡😊
when it is hypothicated to some attachment or loan.
4 Replies
kannan
(jobless)
(263 Points)
Replied 12 November 2016
Tnk u soo much sir ¡ for ur kind reply
sir, in case of any fire occured in the building.....
By virtue of that the building account has been credited
(would u kindly tell me the reason sir)
why it has been credited
sir, in case of any fire occured in the building.....
By virtue of that the building account has been credited
(would u kindly tell me the reason sir)
why it has been credited
rohit
(student and self employed)
(39 Points)
Replied 13 November 2016
It is credited because its value diminishes....and when the value of any asset diminishes it is credited
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