Which of the following is considered as an asset while calculating purchase consideration?
Purchase of fixed assets is ___ while calculating cash flow from investing activities.
Mr Ram purchased an asset for his business in cash. He is of the view that cash account shall be recorded on the left side, as cash is an asset while asset account should be recorded on the right side as there is an increase in the asset. Which of the following is incorrect in this transaction?
Which of the following is regarded as apt to show the purchase of a fixed asset?