A fixed asset is a long-term tangible asset that is used to generate income and these assets are used in the business operating cycles. Also... View Article
At the point when an organization purchases or discards an asset, this is recorded on the income statement. The acquisition of fixed assets... View Article
Asset tagging is the method involved with attaching ID labels or marks, otherwise called asset tagging, to assets. It is utilized for both fixed... View Article
An asset impairment emerges when there is an unexpected drop in the reasonable worth of an asset beneath its recorded expenses/cost. To account... View Article
Intangible fixed assets are those that lack physical structure. They are acquired by businesses to help them run operations on a daily basis.... View Article
Cash is not a fixed asset, cash and cash equivalents are current assets that are used to operate the daily functions of a business needs. Also... View Article
Yes, a computer monitor is a fixed asset since this is equipment that can be used for the business. Also see: What Are Current Assets? Fixed... View Article
In quick books, online one can record a fixed asset purchase by the following process: From the menu bar choose the fixed asset item list.... View Article
Reconciliation is the process of tracking and monitoring the cash flow of a business. In the reconciliation statement, the asset is shown at its... View Article
The fixed assets can be found on the debit side of the balance sheet under the head of fixed assets. Also see: What Are Current Assets?... View Article
Fixed assets in tally with GST can be recorded by: Open the tab of gateway of tally, click on accounts information, click on ledgers, and... View Article
The salvage value on fixed assets can be calculated after subtracting the depreciation amount of an asset and dividing it by the useful lifespan... View Article
Some examples of fixed assets are land and building, plant and machinery, furniture and fixtures, computers, etc. Also see: What Are Current... View Article
A fixed asset turnover ratio measures the efficiency of the company’s net sales over its net fixed assets. Fixed asset turnover ratio= Net... View Article
Any software built from scratch or new functionality is added to the existing software then it falls under the fixed assets, and expenses are... View Article
When fixed assets are purchased a certain amount is paid towards GST. Any amount paid towards GST can be claimed as a credit in the same way as... View Article
All fixed assets purchases fall under capital investments. When purchasing fixed assets input GST can be claimed on fixed assets. In case,... View Article
