in fix assets
Yes and no. When a company purchases a fixed asset it is expensed through depreciation over the useful life of the asset.
Long-Term Assets, aka Fixed Assets are recorded on the Balance Sheet under PP&E or Property, Plant, & Equipment.For Example, a truck purchased for use in a business for the amount of $5,000 would be a Fixed Asset and the transaction (if paid in cash) would be..PP&EEquipment-Truck (debit) $5,000Cash (credit) $5,000
fixed assets
fixed assets / current assets
[Debit] Accumulated depreciation [Debit] Loss on disposal (if any) [Credit] Asset [Credit] Profit on disposal (if any)
Fixed asset register record all information regarding purchases of fixed assets as well as depreciation and replacement information
Fixed asset register record all information regarding purchases of fixed assets as well as depreciation and replacement information
For a purchase day book you need invoices.A purchase day book records only the credit transactions.However, credit purchases of fixed assets are not recorded here.
Yes and no. When a company purchases a fixed asset it is expensed through depreciation over the useful life of the asset.
[Debit] Fixed Assets [Credit] Owners equity
Notes payable is not fixed expense rather it is variable nature as much as production level increases there is increases in credit purchases and if there is no production there is no purchases.
Yes and no. When a company purchases a fixed asset it is expensed through depreciation over the useful life of the asset.
Long-Term Assets, aka Fixed Assets are recorded on the Balance Sheet under PP&E or Property, Plant, & Equipment.For Example, a truck purchased for use in a business for the amount of $5,000 would be a Fixed Asset and the transaction (if paid in cash) would be..PP&EEquipment-Truck (debit) $5,000Cash (credit) $5,000
fixed assets
No proper record for you assets available, therefor you would not be able to estimate the value of your assets and company.
maturity of fixed assets means the completion of useful life of fixed assets.
fixed assets / current assets