Interested to Buy Any Domain ? << Click Here >> for more details...
what is the treatment of frieght paid on purchase of fixed
asset? & where it shold be shown?
- 3 Answers
- 11186 Views
- Infosys, John Fowler, I also Faced
- E-Mail Answers
Answer Posted / santy
The amount of freight will be added with the Fixed Assets.
The impact will be as follows :
In P&L the depreciation will be posted along with the
freight charges
In Balance sheet the Fixed assets will be shown under the
Fixed Assets head and from there depreciation will be
deducted.
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
What are the accounting conventions and Practices?
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
What is the difference between payable and accrual
what is account & what is finance
why specifically inited states ?
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
Where to enter bonus and pf esi in tally pls help for me
Mention some of the major contributions made by you in your present and previous jobs
Which document should be attached with purchse & sales invoice?
joint venture?
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
For what purpose ERS is used for?
