Conversion of capital assets into stock. In trade

Accountancy

If personal capital assets is converted into stock in trade at which cost it is recognised in books of firm fair market value or at the price at which it was purchase by the proprietor

Atharv Sankliya

CA Final

★ 3K+

14-Apr-23 14:25

417

Answers (4)

FMV

Neha Baliga

CA Inter

★ 16K+

14-Apr-23 15:00

FMV

CA Suraj Lakhotia

Admin

17-Apr-23 12:38

CA Suraj Lakhotia Admin

FMV

For accounting purpose?

Thread Starter

Atharv Sankliya

CA Final

★ 3K+

17-Apr-23 12:39

Yes.

CA Suraj Lakhotia

Admin

17-Apr-23 12:39