What is free hold premises treatment in final accounts?
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52
this is fixed Asset That's Put in Balance sheet as Before in old Balance sheet...( If Any Adjustment is not there )
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24
Free hold premises is Asset
Explanation:
Free hold premises is Asset for us
It's Treatment is just like other fixed Asset.
it is appear in balance sheet only
it can be depreciate and it's depreciation goes to Profit & Loss Account
Basically Free hold premises means a property in which no one holding is available .
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