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What else can I help you with?
Is fixtures and fittings an asset?
sure it is
What is the journal entry for extraordinary loss?
If extraordinary loss is on a/c of furniture & fixtures, then instead of crediting purchases, furniture & fixtures should be credited.
Is fixtures and fittings an fixed asset?
Yes it is, fixtures and fittings are usable for more than one fiscal year that's why these are fixed assets.
Are fittings and fixtures a cost or an expense?
It is an asset.
If you purchase fixture and fittings would you debit fixture and fittings credit bank?
Yes, when you purchase fixtures and fittings, you would debit the fixtures and fittings account to increase your asset balance, reflecting the addition of a new asset. Simultaneously, you would credit the bank account to decrease your cash or bank balance, indicating that you have spent money to acquire the asset. This transaction follows the double-entry accounting principle, where every debit has a corresponding credit.
What is the difference between fixtures and fittings?
om a fixtures are the screws
Is fixtures and fittings an asset?
sure it is
What is the journal entry for extraordinary loss?
If extraordinary loss is on a/c of furniture & fixtures, then instead of crediting purchases, furniture & fixtures should be credited.
Is fixtures and fittings an fixed asset?
Yes it is, fixtures and fittings are usable for more than one fiscal year that's why these are fixed assets.
Are fittings and fixtures a cost or an expense?
It is an asset.
If you purchase fixture and fittings would you debit fixture and fittings credit bank?
Yes, when you purchase fixtures and fittings, you would debit the fixtures and fittings account to increase your asset balance, reflecting the addition of a new asset. Simultaneously, you would credit the bank account to decrease your cash or bank balance, indicating that you have spent money to acquire the asset. This transaction follows the double-entry accounting principle, where every debit has a corresponding credit.
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What are the steps to replace plumbing in a bathroom?
Turn off the water supply to the bathroom. Remove fixtures and fittings such as sinks, toilets, and bathtubs. Cut and remove the old pipes. Install new pipes and fittings. Connect the new fixtures and fittings. Test the new plumbing system for leaks. Reinstall any removed fixtures and fittings. Turn the water supply back on and check for proper functioning.
How many fittings can you pick up on a one half inch copper line?
never heard of the fittings,now you can run 2 fixtures off that line,not fittings
What is the structure of a journal entry?
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
