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Accounting Standard 10 ...

Accounting Standard 10 ...

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Published by subhamaybiswas
Fixed Asset
Fixed Asset

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Categories:Types, School Work
Published by: subhamaybiswas on Apr 23, 2010
Copyright:Attribution Non-commercial

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05/12/2013

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 AS-10
 
INTRODUCTION
y
 Accounting Standard 10 Issued at 1985
y
Financial Statements disclose certain informationrelating to Fixed assets. In many enterprises this Assetsare grouped into various categories, such as Land,Building, Machinery, Vehicles, Furniture &Fittings,Goodwill, Patents, Trademarks etc.
 
WHA
T IS FIXED
A
SSETS ?
y
Fixed assets are those assets which are purchase for thepurpose of operating the business and not for resale.Example:-Land, Building, Machinery, Furniture etc.

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