i have one doubt. i purchases of fixed assets from other
state the value 5 lack. the transpotation cost of 50
thousand now the value of fixed asstes is 550000 or only 5
lack, it is right or worng .. pls cleare my question
Answers were Sorted based on User's Feedback
Answer / rajesh
Hai you can debit Rs.550000/-. in Fixed itself . Not only
this if you are installing this machine & labour cost also
you can debit in Fixed assets
Is This Answer Correct ? | 17 Yes | 0 No |
Answer / ramulu
now the value of fixed assets is 550000 becoz when the time
of purchse fixed assets we pay any expenses for assets that
is called capital expenditure it is added to asset value
now asstes a/c is debited to total cost of asset.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / kavita uniyal
yes fixed assets is debit with the amount of 550000 becoz
transport cost is capital expenditure nature that's why it
is add in assets
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / arjunanag@rocketmail.com
the asset value is 5,50,000. we have to add all expenses
from purchase to set that asset in company. total expenses
are capital expenditures. so that's expenses also add to
that asset.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sricharan babu m
Any expenditure incurred up to installation (Ready to Work)
of any Asset, that amount can add to Asset original value.
that means we are capitalising that expenditure amount also.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nishant goel
the asset value is 5,50,000. bcoz tranportaion in direct
exp. so it will be add in cost of asset
Is This Answer Correct ? | 1 Yes | 0 No |
what is commerce?
What is Bank Reconcilation statement?
Where we show Service Tax Due ( Credit Balance ) in Balance Sheet?
Expand---------SPRT
what is the frienge benefits tax?what is usefull?
Where to enter bonus and pf esi in tally pls help for me
why are capital account shown in liabilities side what is meaning of capital account in balance sheet
I am going to attend an interview for the post of Accounts Officer in NCMSL Co.(procurement co.),So pls help me for the interview.
Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question
0 Answers Capital IQ, Construction, Genpact, Real Estate,
what Bank Reconcilation ?
what is the accounting period ?
define fixed assets