Rungta Mines Interview Question: ok we are building one room a... |

Interview Question

Assistant Manager Finance and Accounts Interview Chaibasa

ok we are building one room attached with our premises how

  would you deal it in balance sheet.

Interview Answer

1 Answer


as building new room is an extension of present premises it should be dealt with according to AS 10 valuation of fixed assets so the cost of extension should be capital in nature and shall be added with the block of building .

Interview Candidate on 24-Apr-2014

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