Why do we calculate loans & advance on the asset side of the balance sheet?
Latest Answer: Payments to staff as advance and loan to sister concern or other company on interest is chargeble (TERM LOAN ETC) ...
Can we set default system date in fixed asset in Oracle Apps 11i? If yes, then how?
what is the current rate(%) of PF and ESI in private ltd. companyI have needed for my Current JobThanks & rgds.Rajesh
Latest Answer: PF Contribution Rate : 12 % by employee & 12 % by Company on BASIC SALARY + DA + HRAESI Contribution Rate : 1.75% by Employee & 4.75 % by Company on BASIC SALARY + DA + HRA ...
Latest Answer: Secured loans refers to money borrowed from finacial institutions and secured by way of a collateral to act as the security of the loan. Unsecured loand is not secured by colateral. ...
What is meaning General Reserve?What is the role of General Reserve in Company & What time this is used and for What perpose?
Latest Answer: There are 3 types of Fixed Asset:-1- Capitalized Assets2- CIP Assets3- Group Assets ...
Example, building an expansion of building , but need to rental an equipment to complete this project.
Latest Answer: Yes, as it will be added to the cost of the project ...
I am trying to retire fixed assets that have fully depreciated. Can I retire it by scrapping
Latest Answer: Yes, by scrapping the same Asset. ...
Latest Answer: Fictitious assets means any expendicture, the benefits which will be spread over a period of time not only to the current period. Any expendicture we made for huge advertisements resulted for a period of time. hence its is classifying as fictitious asset. ...
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