what is the capital goods?

Answer Posted / muhammed ishaq sulaiman

Capital goods is a non current asset, which is used to
generate the income (like rent,royalty etc)or to get the
capital appreciation. Example: Trading property,
Development Property, Investment property etc...

Even though the nature looks like an inventory the
construction/ making process is taking time and all the
costs are debited in the CWIP or concerned assets.

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on __________written Down value

1503


Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

1464


what is account & what is finance

1739


What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...

3603


Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

1615






What is the use of final account?

1389


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1438


Hello Everbody....this saturday i attended the interview of times job fair...were capgemini has called me for technical round ..I am bcom graduate with tally an SAP FICO....Can any body help me ... I wan to know what is this technical round...An what they may ask me ......if any body have question an answer kindly send to my id ..that is damudi123@yahoo.com....or contact me to my number ..+919900410314.Or any body have friends working in capgemini bangalore?Please i need urgent help...thnak you with regards adnan hasan

1935


what is controlership?

1867


please provide wct retun guide line how can prepaire that

1897


what is Rectification of Errors ?

1764


Let me know the difference between cash flow and free cash flow

1573


what is data entry? what is report generation ?in accounting how it is used .

1826


What is the Memorandum voucher?

9926


Define control account Thanks

1524