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Equipment is any tool which business use to earn revenue and use in production of goods to be sold.
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Which Accounting standard governs treatment of property and equipment?
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
What is construction accounting?
Construction accounting is simply methods of accounting and finance applied the construction industry. Lots of factors have to be taken into account including labor costs, supplies, equipment etc.
How does the purchase of equipment by signing a note affect the accounting equation?
asset increased, liability increased
What is the accounting journal entry for Purchase equipment for 10000 cash?
Equipment (asset account) - DR 10,000 Cash / Bank account - CR 10,000
Jefferson Corporation purchased equipment on account. What journal entry should be made.?
equipment debitaccount payable creditthis isif any problem in accounting i am here
Which Accounting standard governs treatment of property and equipment?
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
What is construction accounting?
Construction accounting is simply methods of accounting and finance applied the construction industry. Lots of factors have to be taken into account including labor costs, supplies, equipment etc.
What are the accounting journal entries to record donated equipment?
debit assetcredit donations
What are the accounting journal entry to record the exchange of debt for equipment?
[Debit] Debt Account xxxx [Credit] Asset/Equipment xxxx
What kind of tools or equipment does a chartered accountant use?
Offices equipment such as computers , telephones ,photocopies and fax machines an accounting software
What are the accounting journal entries to record installiation of equipment?
debit installation chargescredit cash
What has the author William J Bruns written?
William J. Bruns has written: 'Accounting for managers' -- subject(s): Managerial accounting, Case studies 'Accounting for inflation' -- subject(s): Replacement of industrial equipment, Cost accounting, Inflation (Finance) and accounting 'A simulation study of alternative methods of inventory valuation' 'Introduction to accounting' -- subject(s): Accounting
Are there exceptions to the 500 threshold requiring accounting of equipment into IPMS?
Yes, any equipment with a Central Processing Unit (CPU). This is used for registering the computer.
What has the author Shawn D Halladay written?
Shawn D. Halladay has written: 'A guide to accounting for leases' -- subject(s): Accounting, Industrial equipment leases, Leases
How does the purchase of equipment by signing a note affect the accounting equation?
asset increased, liability increased
What is the accounting journal entry for Purchase equipment for 10000 cash?
Equipment (asset account) - DR 10,000 Cash / Bank account - CR 10,000
What has the author Barry Jay Epstein written?
Barry Jay Epstein has written: 'Inflation accounting' -- subject(s): Accounting, Replacement of industrial equipment, Cost accounting, Effect of inflation on 'Wiley IAS 99' -- subject(s): Accounting, Standards 'Wiley IAS 2001' -- subject(s): Accounting, Standards
