Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / himanshu
loose tools comes under fixed assets being generally tools used in production department such as screw driver ,tester etc life is more than 12 months or even number of years hence they are not current asset.therefore loose tools not comes under inventory and comes under fixed assets.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
What is the meaning of scrap value in accounting?
Into which account do we close the revaluation account balance during the winding up of a company?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
What is corporate assesses?
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
what are the voucher entries in tally for medical insurance
Explain me how much mathematics knowledge is necessary or required in accounting?
Differentiate public and private accounting?
Which kind of transactions are not recorded in the books of account?
Do you possess any knowledge about accounting standards?
Tell me by saying, perpetual or periodic inventory system; what do we mean?
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
what is "goodwill" reserve and surplus and reserve with example
