what do you mean by fixed asset?
Answer Posted / pradeep gunuguntla
The asset which we can not move from one place to another
place is called fixed asset.
Features of fixed asset:
it must be in the form of physical shape
it must be in fixed nature.
it must provides benefits to the business
it must be purchased for the use of business not for re sale.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
what are the certificates needed at the time of SBI clerical interview?
Expand SOIT
Short Answer on -----Trade mark
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
What is fixed liabilities
what are micro-cap, small-cap, mid-cap, large-cap companies?
WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
where we have file E-returns in SAP FICO-CIN/Wtax?
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?