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Is furniture in an office a tangible asset?
YES
Is furniture and fixtures a debit or credit?
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
Is cash vault a financial asset or a real asset?
real asset real asset
What is the formula for equity method?
dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET
Is cash a financial asset or a real asset?
financial-current asset
Is furnature a liability?
No. Furniture is an asset.
Is furniture in an office a tangible asset?
YES
What is furniture it is asset liabilities or capital?
Furniture can be considered as a capital asset for businesses or individuals. It is a tangible asset that is used for productive purposes, such as providing seating or storage. However, if furniture is purchased through borrowed funds, it may also create a liability in the form of debt that needs to be repaid.
Depreciation on Fixed Asset is a operating expenses or not?
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
Can a transaction that causes an increase in an asset also cause a decrease in another asset?
Yes. If you purchase a new desk, your furniture asset account would increase, and your cash asset account would decrease.
Is furniture and fixtures a debit or credit?
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
Which of the following should not be classified as a current asset?
land , building , furniture , vehicles &others
Is furniture a fixed asset?
A fixed assets is any item that can stay or remain in the business for a longer period i.e. 1year and in most case they are not meant for resale. when you buy a chair to use in the business it is not meant for sale. Furniture is a fixed asset.
Where you create ledger furniture in Tally?
Under Ledger : Furnitures & Fixture under : Fixed Asset
The balance of a furniture and equipment account a debit or credit?
It is a debit balance. Furniture and Equipment accounts are included in an individuals assets and asset accounts have debit values.
Is there any outdoor furniture that would be an asset to me in the garden?
Yes there is. You can go into any store and try it out for yourself and make sure which is more comfortable for you. Most stores will let you try the furniture out.
Can a written off asset be use again?
Yes. A fully depreciated asset, such as a machine or a piece of office furniture, might remain in service. An older piece of equipment normally has higher maintenance costs which represent the cost of that machine in the periods after write-off.
