What are fixed-income assets?
Fixed-income assets are ones where steady income is offered with minimum or less risk than shares. This approach focuses on... View Article
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How to open fixed asset register in tally?
The steps to follow to open fixed asset register in the tally are: Go to the gateway of the tally.... View Article
Is a website a fixed asset?
Website is a fixed asset as it’s a cost to the business for developing. Website creation expenses fall under the... View Article
How to calculate depreciation on fixed assets in tally?
The calculation of fixed asset depreciation in tally is: Determine the historical cost. Subtracting the residual value. Arriving at the... View Article
How to calculate depreciation on fixed assets?
Depreciation can be calculated by various methods but the most preferred method is the straight-line method. The calculation of depreciation... View Article
What are fixed and current assets?
Fixed assets are long-term assets that are used in the business to create or generate income such as plant and... View Article
Is a fixed asset register mandatory as per the companies act 2013?
It is mandatory to maintain a fixed asset register as per the companies act 2013 and by the income tax... View Article
How to prepare a fixed asset register?
The fixed asset register that is maintained either in the accounting books or on an excel sheet must follow these... View Article
How to find gross fixed assets?
The gross fixed assets refer to the amount of capital the business has to invest to acquire all the fixed... View Article
How to enter the sale of fixed assets in tally?
The following steps show how sales of fixed assets in tally can be recorded: In the Gateway of tally open... View Article
How to calculate the disposal of fixed assets?
The calculation of disposal of fixed assets can be made by debiting accumulated depreciation and then crediting the fixed asset... View Article
What is a fixed asset management system?
A fixed asset management system is a process of tracing and maintaining the business’s assets and equipment. Also see: What... View Article
What does a fixed asset accountant do?
A fixed asset accountant is responsible for distinguishing, recording, evaluating, accounting, outlining, providing regular capitalisation of capital assets, reconciliation, and... View Article
How to prepare a fixed asset schedule?
The following steps can be followed to prepare a fixed asset schedule: Allotting of a unique code for each asset.... View Article
Is signage a fixed asset?
Yes, signage when purchased by a business on its behalf to promote or advertise itself is a fixed asset that... View Article
Can we allow expenses/ fixed assets in purchase vouchers?
In certain instances by enabling the expenses/ fixed asset in the purchase, the process of normally entering a fixed asset... View Article
Can fixed assets be negative?
It’s at times experienced in fixed assets to see a negative net book value, which isn’t exactly sensible since the... View Article
Is tally software a fixed asset?
The allocation of cost for a software license, either purchased or paid in installments is capitalised as an intangible asset.... View Article
Is an intangible asset a fixed asset?
Intangible assets/ resources are fixed assets for being utilized over a long period of time, yet they lack actual presence.... View Article
Which are non – fixed asset?
Non-fixed assets are resources that have no actual connection to a structure. For instance, a non-joined carport, garage, or shed... View Article
