Mr A purchased land on 3.9.2012 2 cent ,1320 sqft ,price of land is 70,000 .now IAM preparing balance sheet on now 31 March 2020 means
I have to which value balance shown in under fixed assets
plse explain me
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 30 January 2023
Book in balance sheet at purchase price.
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