defference between capital assets and fixed assets
Answer Posted / nisha
fixed asset means assets held by entity for producing goods
&services in the ordinary couse of business ¬ intended
to be sold during normal courses of business.where as
capital asset include fixed asset & long tern assets held
as investments
| Is This Answer Correct ? | 8 Yes | 7 No |
Post New Answer View All Answers
how to enter the tender refund amount in tally ?
Explain what is ledger?
In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
The main financial accounting statements?
What is mean by working capital?
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.
Why some asset accounts have a credit balance?
what is the relationship between bookkeeping and accounting?
Explain me scrap value in accounting?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
what is lease accounting?? please explain me....
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
how we can calculate sundry debtors and crditors a/c?show some examples
how calculate intrest on advance tax ? and penalty on vat?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.