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what balance does fixed assets show?
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Answer / satyaki_raju@yahoo.com
Assets whether fixed or current always show adebit balance
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / rajesh.m
Fixed assets will show Net Book value i.e
NBV = Gross book value - Depreciation
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / chandu
fixed assets shown in the balance sheet net present values of assets.
npv = fixed assets - depreciation
| Is This Answer Correct ? | 1 Yes | 0 No |
PLEASE EXPLAIN DEBIT NOTE & CREDIT NOTE?WITH THE FOLLOWING QUESTION? 1)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS SUPPLIER(CREDITOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS? 2)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS CUSTOMER(DEBTOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS?
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