Purchase of residential house debit account
Kollipara Sundaraiah (B.com) (2983 Points)
16 May 2024question:
assessess purchase of new residential house debited to capital account or debited to fixed assets block correct method for it purpose.
Kollipara Sundaraiah (B.com) (2983 Points)
16 May 2024
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 16 May 2024
if it is a residential house, why would you add it to fixed asset block?
Siva Manikanta
(16 Points)
Replied 17 May 2024