ACCOUNTING OF NON-CURRENT ASSETS HELD FOR SALE OR GROUP OF ASSET

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The assets hold by enterprises in case of benefiting in business activities and which are not considered to be sold during a year or a period of activity are called as fixed assets. The fixed assets denote investments being as long term assets of enterprises. However; group of asset and fixed assets can be considered to be sold in further periods or at the beginning; at the current date they are first acquired. Fixed assets mentioned or group of assets are required to be classified as Non-current Assets Held for Sale or Group of Asset within the framework of TFRS 5 standard as long as providing some certain conditions like high probability of disposition in a year or preparing sales plan. The study is aimed to explain the accounting of assets classified as Non-current Assets Held for Sale or Group of Asset within the framework of TFRS 5 standard. The Discounted Operations topic included in TFRS 5 is excluded of the purpose of the study.

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Non , current Assets Held , Group of Asset , TFRS 5

The International Journal Of Economic and Social Research

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The International Journal Of Economic and Social Research