Dear Sir/ madam,
Does our current compaines act i.e 2013 specify any prescribed format of Fixed asset register .
If the answer is yes ! kindly quote section head .
In anticipation of your kind response
regards
IndAS 1 has a prescribed treatment for the presentation of assets. It is classified as Non current assets and Current assets. The items which fall under these two headings will be holding all sort of assets which are used for the operations or, capital appraisal, or investments.
This is also well defined under Section 3 of companies act: https://www.mca.gov.in/SearchableActs/Schedule3.htm
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