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Capital expenditure are those type of expenditure the benefits of which are taken in more then one years by the business entity. So according to this all fixed assets are capital expenditures and fixed assets are shown at asset side of balance sheet.

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Are deferred tax is fixed asset?

Deferred tax is not considered a fixed asset. Instead, it represents a tax obligation or benefit that arises due to temporary differences between the accounting treatment of certain items and their treatment for tax purposes. Deferred tax assets can arise from situations like tax losses carried forward, while deferred tax liabilities arise when income is recognized for accounting purposes before it is recognized for tax purposes. Thus, they are classified under non-current assets or liabilities on the balance sheet but do not fit the definition of fixed assets.


What does fit mean on a payroll check stub?

fit = F.I.T. = Federal Income Tax


What categories do all taxes regardless of their label or name fit into?

All taxes can fit into three categories. They are proportional, progressive, and regressive.


All taxes regardless of their label or name could fit into what categories?

All taxes can fit into three categories. They are proportional, progressive, and regressive.


Why do you calculate deffered tax?

When we prepare a set of financial statements we use a whole raft of accounting policies that (are supposed to!) result in a profit or loss figure that gives a true and fair view of the performance of the company for that year.Then we have to calculate a different profit for the tax man - one based not on the policies that best fit our company, but on tax laws designed to make the system more uniform and less prone to, shall we say, the vagaries of opinion.Most commonly (in the UK at least) this means that depreciation is disallowed and instead we are given Capital Allowances in their place. The two figures will rarely match.Where this means that the profit we declare in the P&L is higher than the profit we will be paying tax on, we have to charge what is called Deferred Tax.This is an application of the matching (or accruals) and prudence concepts. In the long term the two profits (declared in the P&L and charged to tax) will be equal. If we think we've made more profit than we have been taxed on so far then it is both prudent and proper* to recognise a charge (or credit - remember the effect is cumulative and Deferred Tax is shown as a liability in the Balance Sheet) in this years accounts for the tax we know is eventually going to have to be paid.*Proper because we think that the tax charge we will incur in the future actually belongs to profits we made now - this is the accruals concept.

Related Questions

How many A3 sheets fit into A1 sheet?

A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.A3 is 4 times bigger than A1, so only a quarter of an A3 sheet can fit into an A1 sheet.


Will a twin sheet fit a twin xl bed?

Yes it will. I always go with the normal twin sheet because it seems to fit better.


How many A3 sheets fit into a A0 sheet?

An A0 sheet has an area of 1 square meter, while an A3 sheet has an area of 0.25 square meters. Since A0 is four times larger than A3, you can fit four A3 sheets into one A0 sheet. Thus, the answer is four A3 sheets fit into an A0 sheet.


What does not fit the order Columbus Ohio Sacramento California Billings Montana Albany New york?

Billings, Montana is the only one that is not the state capital. Helena is the capital of Montana.


State capital in midwest with state name in it?

There are two state capitals that fit this description:Indianapolis is the capital of IndianaOklahoma City is the capital of Oklahoma


Do you think the new balance 890 is suitable for running and keep fit classes?

I do think that new balance 890 is suitable for running and keep fit classes.I think that new balance 890 is great for running and keeping fit. New balance 890 is made for these activities.


How many a5 sheets fit into a2 sheet?

45


What type batteries does the wii fit balance board use?

The Wii Fit Balance Board (if you can get one) uses 4 AA batteries.


Do you have to have a Wii balance board for Wii fit plus?

Yes It Is impossible to play Wii fit plus without the Wii balance board.


How many pieces of A4 fit into A3?

Two - A sheet of A4 paper is exactly half the size of a sheet of A3.


Can a queen size sheet fit well on a full size bed?

Yes. It will be a bit bigger all around but it will work if you tuck in one side and one end to make it fit. No...the fitted sheet is too big but a flat sheet may work.


How many a4s go into an a1?

An A1 sheet measures 594 x 841 mm, while an A4 sheet measures 210 x 297 mm. To determine how many A4 sheets fit into an A1, you can divide the area of the A1 sheet by the area of the A4 sheet. This calculation shows that 8 A4 sheets can fit into one A1 sheet.

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