Equipment is an asset for business which is usable in business to generate revenue.
Rented Equipment is not an asset. If there is a refundable security deposit, that amount would be posted as an asset. The rental payments are usually posted to Equipment Rental Expense and no further accounting is necessary.
If building is owned by business then it is asset of business while if building is acquired on rent then it is not an asset of business.
Equipment is a long term asset account available for business to generate economic revenue.
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
Equipment is an asset for business which is usable in business to generate revenue.
Rented Equipment is not an asset. If there is a refundable security deposit, that amount would be posted as an asset. The rental payments are usually posted to Equipment Rental Expense and no further accounting is necessary.
If building is owned by business then it is asset of business while if building is acquired on rent then it is not an asset of business.
Equipment is a long term asset account available for business to generate economic revenue.
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and