![]() Related Questions Latest Answer : Fixed asset means it gives long term benefits to the organisation by year end we should find the accurate value of the asset for this purpose we must calculate the depreciation. ... 1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee salary deductions under section of the income tax act of india? Read Answers (2) | Asked by : CHANDRA SEKHAR Latest Answer : ficticius assets are those assets which are not write off at once and which are not treated as fixed assets like Deffered revenue Expenditure. ... Read Answers (7) | Asked by : ravindar goud View Question | Asked by : Jayvant 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. ... Read Answers (1) | Asked by : Rajesh 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. ... Read Answers (2) | Asked by : jeanne Latest Answer : There are 3 types of Fixed Asset:-1- Capitalized Assets2- CIP Assets3- Group Assets ... Read Answers (4) | Asked by : krishnareddy How can we made calculation of Fixed Assets? Latest Answer : Could you please elaborate the question..I think your question is regarding depreciation calculation. ... Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation Latest Answer : Car:Tangible20,000 Accounting Software:Intangible6,000 To account payable26,000 Audit Fees3,000 To account payable3,000 DereciationDereciation:Car1,000 Amortization:Software1,000 To Accumulated Depreciation2,000 ... A company has current assets of $3 million. The company's current ratio is 1.5 and it's quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the company's Latest Answer : current asset is $3billion so, current ratio = current assset current liabilities1.5 = 3 / current liabilities current liabilities 1.5 = 3hence current liabilties is $2 billion Now, quick ratio = quick asset / current liabilities1.0 = quick ...
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