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Former Member

Treat As Fixed Assets Or Inventory

Dear Experts,

     I have a question in my mind 😭... Can any one please give me answer for it... I will explain you the scenario below>>>

One of my client NGO Company:

     Receiving Donations as Fixed Assets:  For ex: Furniture & Fixtures , Vehicles.They may use those Assets or they may transfer to some other place ( Other company )

My Question is:

While goods coming in to the company what document i need to use ( Assets Capitalization or GRPO) and

1. Should i need to maintain as a Fixed Assets or


2. i need to maintain as a Inventory ..

If i maintain as a Fixed asset how do i maintain the depreciation ?? ( Manual or Automatic)

Regards,

Sudhir.J

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1 Answer

  • Nov 02, 2015 at 11:25 AM

    I think you should treat as fixed assets ...

    Thanks

    Kennedy

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