Govt. given a land to a NGO for school. no lease rent was fixed. lease is for 20 years.
at what value land should be shown in balance sheet\ of NGO.
krishna agrawal (Prop) (106 Points)
22 May 2011Govt. given a land to a NGO for school. no lease rent was fixed. lease is for 20 years.
at what value land should be shown in balance sheet\ of NGO.
Arvind Sharma
(ACA)
(1432 Points)
Replied 22 May 2011
It should be show at very low value... Refer AS 12
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 22 May 2011
| Originally posted by : Arvind | ||
 |
It should be show at very low value... Refer AS 12 |
 |
say 100 rs.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 22 May 2011
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