Explain the nature and accounting treatment for fixed asset.
Latest Answer: 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 ...
How can we made calculation of Fixed Assets?
Latest Answer: Could you please elaborate the question..I think your question is regarding depreciation calculation. ...
I need simple example for all depreciation methods.Thank you so muchYousry NasrEmail yousrynasr@hotmail.com
Latest Answer: 1. Fixed Instalment method 2. Written down value method3. Annuity method4. Sinking fund method5. Machine hour rate method6. Production units method7. Accelerated method ...
Why do we calculate loans & advance on the asset side of the balance sheet?
Latest Answer: Loans and advance showing in asset side in BSLoans and advances is an repayable item to the company so its shown in asset side in BS ...
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 ...
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