How to show asset in the books??

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....ow to show asset in the books??<br> Query (Issue) Started By: - kavish rizvi Dated:- 24-7-2014 Last Reply Date:- 2-8-2014 Accounting - Auditing<br>Got 1 Reply<br>Companies Law<br>Dear Sir, One of th....

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....e vendor of my companies has offered us to give a machine (FA) to use till we purchase the material from them. When we will stop purchasing the material from them then they will take back the machin....

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....e. So, my query is whether we have to show the Asset in the books..?? If yes, then how.?? Awaiting for your precious comments Reply By CA GOPALJI AGRAWAL: The Reply: We have to look up the detaile....

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....d terms and conditions of the contract. Proma-facie, it meets out the definition of the asset but you have to ascertain the value against the same to account for the same.<br> Discussion Forum - Knowl....

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....edge Sharing ....