Home
Class 11
ACCOUNTS
Godrej Ltd. Imported from Germany one ma...

Godrej Ltd. Imported from Germany one machinery for sale in India and another machinery for production purpose. Will you treat them goods or fixed assets?

Text Solution

Verified by Experts

First machinery will be treated as goods, and second machinery will be treated as Fixed Asset.
Promotional Banner

Topper's Solved these Questions

  • BASIC ACCOUNTING TERMS

    DK GOEL|Exercise OBJECTIVE TYPE QUESTIONS (Choose the best Alternate)|17 Videos

  • BANK RECONCILIATIONS STATEMENTS

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|5 Videos

  • BOOKS OF ORIGINAL ENTRY - SPECIAL PURPOSE SUBSIDIARY BOOKS

    DK GOEL|Exercise ADDITIONAL QUESTIONS|6 Videos