higher purchase

92 views 1 replies
Sir which value should be taken in assets side of a fixed asset purchase on higher purchase basis,higher purchase price or actual purchase value?
Replies (1)

Asset's Cash price ( Atucal price ) should be shown in Balance sheet asset side and credit to Hire Vendor( Sundry Creditors) in Liability side.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register