are loose tools come under current assets ?

Answer Posted / srikanth reddy

No. loose tools are treated as fixed assets

Is This Answer Correct ?    54 Yes 52 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are depreciation and amortization?

634


Do you have any idea about gst?

616


What is cash flow and fund flow?

615


Explain accounting 101?

666


in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

4598






How is scrap value calculated?

631


what's the mean by Imprest system? Please give me Replay on this no. 9885789716

1467


What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%

1145


Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

606


what is addition of Opening Balance and net profit transfered from profit and loss account called

1518


Tell me what is working capital?

617


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1094


consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000

918


Private purchases amounting to rs 5000 have been debited to purchases account

1001


the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?

2471