Interested to Buy Any Domain ? << Click Here >> for more details...
what is the treatment of frieght paid on purchase of fixed
asset? & where it shold be shown?
- 3 Answers
- 10987 Views
- Infosys, John Fowler, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kishore
In my Opinion The expense which is incurred to bring the
fixed asset to use should be capitalized so we have to add
it to the fixed asset cost.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / b.k.b
Freight should be added to the cost of fixed asset and it
is shown in balance sheet of asset side.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / 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 |
in Accounts we are using provisions ? what is provisions?
EXPAND___________LCD
What is going concern concept?
what is the difference between shares & debentures
Journal entries if the following line items are given as adjustment in balance sheet and p l a/c Fire accident of inventory Case 1. No insurance coverage Case 2.partly insurance coverage Case 3. Fully insurance coverage
what is accounting
Expand ________CADE
EXPAND___________IRDA
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
how to see monthly entries in tally7.2
capitla budgeting
what is tha p/e ratio?
10 Answers Capital IQ, Edelweiss,
Audit 
