Land purchase show procedure

It assess purchase of land .land value amount deducted capital account or land value fixed assets block show in balance sheet.

@Kaushal_Soni @Divya_Singhvi @Laxmi_Navlani @AkashJhaveri can you?

Hi @Sundaraiah_Kollipara

As per our opinion, if the Fixed Asset (Land) is used to carry on the business and to earn revenue, it should form part of Fixed Assets.

Hope this helps :slightly_smiling_face: