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Which of the following is NOT an activity of the Asset Accounting sub-process?
Property disposal
What is an activity of the asset accounting sub process?
Which of the following is an activity of the Asset Accounting sub-process
What is a disposal account in accounting?
A disposal account is a gain or loss account that appears in the income statement, and in which is recorded the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of.
What accounting concept relates to reporting Intellectual Abilities as an asset?
In any research and development driven company the intellectual property will be labelled as an asset once patents or copyrights can be applied. There is no specific accounting concept tied to this.
What is realization account?
An account used to record the disposal of an asset or assets and to determine the profit or loss on the disposal. The principle of realization accounts are that they are debited with the book value of the asset and credited with the sale price of the asset. Any balance therefore represents the profit or loss on disposal.
Which of the following is NOT an activity of the Asset Accounting sub-process?
Property disposal
What is an activity of the Asset Accounting sub-process?
Which of the following is an activity of the Asset Accounting sub-process
What is an activity of the asset accounting sub process?
Which of the following is an activity of the Asset Accounting sub-process
What is the activities of the asset accounting sub-process?
Which of the following is an activity of the Asset Accounting sub-process
What is a disposal account in accounting?
A disposal account is a gain or loss account that appears in the income statement, and in which is recorded the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of.
What accounting concept relates to reporting Intellectual Abilities as an asset?
In any research and development driven company the intellectual property will be labelled as an asset once patents or copyrights can be applied. There is no specific accounting concept tied to this.
How does a fund accounting structure control government's expenses?
each type of financial activity is segregated into a separate set of self-balancing asset, liability, and net asset accounts
What does an electronic asset disposal service do?
There are many things that an electronic asset disposal service would do. An electronic disposal service is tasked with the removal of identity, and data erasure.
What is realization account?
An account used to record the disposal of an asset or assets and to determine the profit or loss on the disposal. The principle of realization accounts are that they are debited with the book value of the asset and credited with the sale price of the asset. Any balance therefore represents the profit or loss on disposal.
What is the journal entry to write of an asset that is not completely depreciated?
[Debit] Accumulated Depreciation [Debit] Cash (If any) [Debit] Loss on disposal (if any) Credit Asset Credit Profit of disposal of asset (if any)
Whose financial asset is the life estate the remainder or the life tenant?
Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.Generally:The life estate is an asset of the life tenant.The property is an asset of the remainder.
Which sub-process of property plant and equipment includes demand maintenance preventive maintenance and annual planning functions?
Real Property, Asset Accounting, and Plant Maintenance all include the above.
