Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / mr. accounting expert
Loose Tools comes under the Assets side of the Balance Sheet. If there has to be Depreciation marked for Loose Tools, it has to be entered under Debit side of Profit/Loss a/c. It is a fixed asset, and depreciation is charged on it every year. Therefore, it is NOT a current asset. It is a FIXED ASSET.
| Is This Answer Correct ? | 29 Yes | 6 No |
Post New Answer View All Answers
Tell me in balance sheet, where do you show tds?
i want to know f form and how to use and how can purchase
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
What are the functions of manger -accounts and manager-finance? Explain in detail
What is the use of form D in sale tax
How P/E ratio usefull to the different people?
discuss seperate determination concept
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
List out things that fall under intangible asset?
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
Who owns the general ledger?
Explain me bills receivable?
How can you define departmental accounting?
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
Tell me what is trial balance in accounting?
