1. Categories >> Accounting >> Accounting AllOther
  2. Suggest New Category

i engaged with the accounts of manufacturing concern, i have
a question when we purchased a fixed assets and after this
we put the fuel in this for trial then this fuel is our also
capital exp

Question Posted / sajjad1


i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed ..

Answer / amit kumar tiwari

You should capitalize only fixed asset as per actual bill
not Fuel coz in every financial year you will calculate
deprecation on that assets.

Is This Answer Correct ?    1 Yes 3 No

Post New Answer

More Accounting AllOther Interview Questions

Expand C B S

2 Answers  

Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

0 Answers  

WHAT IS THE DIFFERENCE BETWEEN RESERVE CAPITAL AND CAPITAL RESERVE?

3 Answers   Capital IQ,

what is hard currince

1 Answers   Deloitte,

What is contingent event?

2 Answers   Capital IQ,




what is budgetory control and what are the types

0 Answers  

What is meant by the word Liquidation. Give examples

3 Answers  

From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   D M Systems, Ignou,

What do you understand by the Term Capital Gains Used in the Income Tax Act ? What are the rules regarding exemption of Capital Gains ?

1 Answers  

Expand ------DPM

2 Answers  

Why 2:1 is considered as ideal current ratio?

4 Answers   Genpact,

What do you mean by Venture Capitla and Private Equity?

1 Answers  

For more Accounting AllOther Interview Questions Click Here
Categories