Assets show procedure
Kollipara Sundaraiah (B.com) (2963 Points)
08 November 20212.assess any assets purchase value debited to capital account or current assets group show in correct procedure.
Kollipara Sundaraiah (B.com) (2963 Points)
08 November 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3587 Points)
Replied 08 November 2021
For purchase of any asset
debit asset account
and credit bank/cash account
Assets must be shown under Fixed assets group
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)