what is the treatment of frieght paid on purchase of fixed
asset? & where it shold be shown?
Answer Posted / kishore
In my Opinion The expense which is incurred to bring the
fixed asset to use should be capitalized so we have to add
it to the fixed asset cost.
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
Define Salry for the following purpose 1.To calculate HRA
How can we display last five years sales in tally
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
How goodwill is accounted for the first time in a company .
what are the purpose for the preparation of cost centre ?
Anyone whose sbi interview has been over , please share all the question asked by them
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
How to enter PO in SAP
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Expand---------OST
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)
can i have practical examples of AS-30
What is communicating