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Interview QuestionAssistant Manager Finance and Accounts Interview ChaibasaRungta Minesok we are building one room attached with our premises how would you deal it in balance sheet. Tags: See More, See Less8AnswerAdd TagsFlag as InappropriateFlag as InappropriateAnswerInterview Answer 1 Answer▲0▼ 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-2014Flag as InappropriateFlag as InappropriateInterviews > Assistant Manager Finance and Accounts > Rungta MinesAdd Answers or Comments To comment on this, Sign In or Sign Up.
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 .