Once the asset is purchased it is recorded in the books of accounts by using money measurement concept. It takes in to account only the expenditure incurred for purchasing the asset.
As per the company procedures depreciation will be calculated. Depreciation fund will be maintained.
What are fixed asset?
What is the difference between debenture holders and creditors?
Tell me what are the journal entries which get passed from asset purchasing to asset retirement?
Tell me can Loading, Unloading and Installation Charges during the time of shifting of the company be capitalized?
Explain example for all depreciation methods?
What are the various means of calculating depreciation?
Explain how to determine whether an expense is an asset or not? When you receive an invoice that shows that the company has purchased a tool or something, what makes you think this thing is an asset or its an expense. Is it the price of it or what?
what is fectitious assets? what is ment by cash book and day book and general leder? Employee salary deductions under section of the income tax act of india?
Do you know how many types of fixed assets?
Explain what is Asset life cycle?
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