Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

are loose tools come under current assets ?

Answer Posted / himanshu

loose tools comes under fixed assets being generally tools used in production department such as screw driver ,tester etc life is more than 12 months or even number of years hence they are not current asset.therefore loose tools not comes under inventory and comes under fixed assets.

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are negative postings?What are Credit memos ?Payment Requests ?

2139


What is reversing journal entries?

1149


Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

2067


how many times we can deposit the old currency in one a/c in the bank

2172


What is the difference between lc and bg(letter of credit

1934


What is a comprehensive income?

1045


Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

2087


What is debit and credit note?

1142


Why Is The Distinction Between Product Costs And Period Costs Important?

1042


what is current rate of excies duty for a manufacturing company?

2066


how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.

2069


HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM

2366


What do you know about this position?

1094


What are the differences between accounting and auditing?

1112


what is profit and loss(dr) in cash flow statement?

2031