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Short Answer on ______________Assets
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Answer / abhivirthi tax and industrial
Purchases of Land and Building is called Immovable Asset,
and purchase of Machinery etc., which were immovable
properties is called Capital Assets, and purchases of Air
Conditioner, Two wheeler, Three Wheeler, Four Wheeler,
Furnitures and Fittings, Generator, Refrigerator were called
Fixed Assets and payment of money towards Telephone Deposit,
E.B.Deposit and Sales Tax Security Deposits were called
Deposit Assets.
Reply From:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, Palaami Enclave, New Natham Road,
Madurai-625014.
Cell: 9994990599
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Answer / babhu kanchupalli
What the business owns...i.e fixed assets,current assets,tangible assets,intangible assets,fixious assets etc.....
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PL TELL ME PHONE OR MOBAIL IS OUR ASSETS IF YES CAN I TAKE AS ASSETS IN MY BALANCESHEET & PL TELL ME DEPRECIATION JOURNAL ENTRY
Anand put Hire charges bill for Rs 185250. During the course of work we supplied diesel worth Rs 25360,paid driver battas of Rs 1050.Pl pass journal entry by taking security deposit @ 5% and TDS @2.25%as deductions from bill
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