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what is the treatment of frieght paid on purchase of fixed
asset? & where it shold be shown?
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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 |
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