0
A Fixed Asset register is used to keep track of major equipment, for example cars, large machinery etc, purchased by a company. It will show the date of purchase and cost of the item and will then record the amount of depreciation claimed each year. When the item is sold either a profit or loss will be shown as the final entry.
Add your answer:
Earn +20 pts
Is the fixed asset register a part of the double entry system?
A double entry bookkeeping system shows the multiple effects of a single transaction. Since the fixed asset register entails all details about purchase, sale, and depreciation effects of a fixed asset. It is therefore a part of double entry system.
Is a desk a fixed asset or a current asset?
A fixed asset.
Is fixed asset a current asset?
fixed deposit is an assets
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
How can you maintain the fixed asset register?
how can we maintain/ prepare the fixed assets register? pleases tell me with proforma.
What is fixed asset ragistar?
Fixed asset register record all information regarding purchases of fixed assets as well as depreciation and replacement information
What is fix asset?
Fixed asset register record all information regarding purchases of fixed assets as well as depreciation and replacement information
Is the fixed asset register a part of the double entry system?
A double entry bookkeeping system shows the multiple effects of a single transaction. Since the fixed asset register entails all details about purchase, sale, and depreciation effects of a fixed asset. It is therefore a part of double entry system.
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a desk a fixed asset or a current asset?
A fixed asset.
What is fixed assets register in accounting?
The fixed asset register is a way of recording and tracking all the fixed assets that the a company owns. This helps to identify loss of assets through theft or carelessness, provides a place where deprecation can be calculated and details of insurance
What is asset register?
A fixed asset register is a record of all long-term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year, such as manufacturing equipment, real estate, and furniture. -Richard Crighton Rothwell Gornt Companies
Is good is a fictitious asset or fixed asset?
fixed
Is fixed asset a current asset?
fixed deposit is an assets
Is car a fixed asset or current asset?
fixed assest
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
