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Fixed deposit is current asset or fixed asset?
Fixed deposit is under fixed assets. Under fixed assets, there are 3 category that is tangible fixed assets (land, machinery, dll), intagible fixed assets (pattern, franchise, dll) and investment (fixed deposite,dll).
Why do amount for vehicle appear under non current asset and current asset?
Because it's a fixed asset
How do you book a fixed asset that is a lease?
[Debit] Asset Under finance lease xxxx [Credit] Liability Under finance lease xxxx
Where you create ledger furniture in Tally?
Under Ledger : Furnitures & Fixture under : Fixed Asset
Under what circumstances would one require a copyright attorney?
"A copyright attorney provides legal counsel regarding copyright law. A copyright attorney could be an asset in assisting a client obtain and registering a copyright, transfering ownership of a copyright, helping avoid copyright violations, and protecting the client's own copyright. Although any attorney may counsel regarding copyright law, copyright attorneys can be a great asset where specific copyright issues are addressed."
What is fixed charge?
A fixed rate is a type of security under which a property or an asset consisting of equipment is used as security for the business loan. If you fail to repay the loan in accordance with the terms under which it has been granted, the asset in question is forfeit.
What Is A Fixed Charge?
A fixed rate is a type of security under which a property or an asset consisting of equipment is used as security for the business loan. If you fail to repay the loan in accordance with the terms under which it has been granted, the asset in question is forfeit.
What are the effect of depreciation on profit and loss and balance sheet?
Depreciation is an expense. It should be charged under expense of a P&L Statement. Provision for Depreciation is the total depreciation of a particular fixed asset accumulated over the years. It should be deducted from the figure of the Fixed asset.
What is the meaning of fixed account?
I wasn't sure about this question, so I hope that I changed it to clarify a few things. The original question being meaning of "fix" account, assuming you mean "fixed" account. A fixed account (Fixed Assets) refer to asset accounts that are stable, or "fixed", meaning not easily turned into cash. Fixed assets go under Property, Plant & Equipment (PP&E). These include, Property owned by the company, Plant (buildings, etc), Equipment used in the business, hence the term PP&E.
What is a vechile in balance sheet?
Vehicle is a fixed assets used in business for operations purpose so it is shown under fixed asset portion of balance sheet.
What makes your work protectable under the copyright laws?
It must be an original work, and fixed in a tangible form of expression.
What are the Accounts that comes under fixed asset?
PP&E are considered the fixed asset accounts. Property, Plant and Equipment. These include things that generally last for long periods of time. Land, Buildings, Vehicles, Machinery used in the business, etc.
