what is the treatment of frieght paid on purchase of fixed
asset? & where it shold be shown?
- 3 Answers
- 9779 Views
- Infosys, John Fowler, I also Faced
- E-Mail Answers
Answer Posted / santy
The amount of freight will be added with the Fixed Assets.
The impact will be as follows :
In P&L the depreciation will be posted along with the
freight charges
In Balance sheet the Fixed assets will be shown under the
Fixed Assets head and from there depreciation will be
deducted.
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
i need sbi bank clerk exam model question papers
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
What is the content of purchase order? n content of voucher? what is the main use of voucher.
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
what is automatic payment in sap fico
plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com
What is the use of final account?
what are the types of provisions that you would make for the end of a financial year?explain
explain the difference between LIFO and FIFO?
what are micro-cap, small-cap, mid-cap, large-cap companies?
what is the difference between cash flow and funds flow
Expand-------NABT
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
What is mean by Reserve on Consolidation?
