Can anyone tell me that when we purchases a fixed asset like
Machinery its our capital Expenditure and after acquetion of
this assets the expenses like unloading loading, and some
other parts for reparing purchase for this in which account
i have to enter.

Answers were Sorted based on User's Feedback



Can anyone tell me that when we purchases a fixed asset like Machinery its our capital Expenditure..

Answer / rajashekhar

Trading a/c dr or carriage alc DR

or p/L a/c dr OR Repair Alc DR

TO Cash a/c

Is This Answer Correct ?    0 Yes 0 No

Can anyone tell me that when we purchases a fixed asset like Machinery its our capital Expenditure..

Answer / praan

it should be entered in debit side of the profit and loss
account that menas expenses side it should be diducted .

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

What are the objectives of accounting

0 Answers   Bosch,


Difference between a Fund manager, Investment manager, Portfolio manager, Custodian manager?

1 Answers   Mellon, Tech Mahindra,


What is Portfolio? What is the Portfolio Management style? Explain Briefly the investment Process?

2 Answers   BirlaSoft,


what are the content of purchase order?

0 Answers   Accenture, Capital IQ,


What is meant by provision

4 Answers  






Expand E M I

8 Answers   Accenture,


Difference between Wages and Expense?

6 Answers  


I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.

0 Answers  


Expand ---------MRD

2 Answers  


what did you mean by cash credit limit account ?

0 Answers   Aditya Birla, Genpact,


nav , npv

2 Answers   RRDonnelley,


• What is depreciation and the method?

0 Answers   Mellon,


Categories