How to transfer asset work in progress to capital ?

Pankaj JIndal

• Feb 10th, 2015

The conveyance of something of value from one person, place, or situation to another

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yusuf

• Nov 9th, 2007

Fixed asset means it gives long term benefits to the organisation by year end we should find the accurate value of the asset for this purpose we must calculate the depreciation.

A K Sharma

• Aug 13th, 2006

Recording fixed assets,its disposal etc.

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smburu

 Profile Answers by smburu Questions by smburu

• Feb 18th, 2009

Secured loans refers to money borrowed from finacial institutions and secured by way of a collateral to act as the security of the loan. Unsecured loand is not secured by colateral.

hifi55

 Profile Answers by hifi55 Questions by hifi55

• Jan 11th, 2009

Secured loans are those which are borrowed from banks and other financial services, which are genrally huge amounts.Unsecured loans are small amounts borrowed from unorganised instituion. Exapmle: Money?borrowed from any person or a relative, where you can get the money without any security.

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I need simple example for all depreciation methods.Thank you so muchYousry NasrEmail yousrynasr@hotmail.com

blossambuddy

 Profile Answers by blossambuddy Questions by blossambuddy

• Aug 6th, 2009

1. Fixed Instalment method 2. Written down value method3. Annuity method4. Sinking fund method5. Machine hour rate method6. Production units method7. Accelerated method

Vansat

 Profile Answers by Vansat Questions by Vansat

• Jun 11th, 2009

Following are the depriciation methods that are used in FA module: 1. Flat rate method 2. Calculated method3. Table method4. Formula method5. Production method6. STL7. DEMINISHING8. Time-Hour

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Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation is for tangible assets is 10 years and for intangible is 3 years. Pass the correspondence Book entry

vishu.143

 Profile Answers by vishu.143 Questions by vishu.143

• Oct 20th, 2008

Car:Tangible20,000 Accounting Software:Intangible6,000 To account payable26,000 Audit Fees3,000 To account payable3,000 DereciationDereciation:Car1,000 Amortization:Software1,000 To Accumulated Depreciation2,000

gopaltripathi

 Profile Answers by gopaltripathi Questions by gopaltripathi

• Jul 16th, 2008

If asset is not put to use more than 180 days then 50%depriciation provided

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A company has current assets of $3 million. The company's current ratio is 1.5 and it's quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the company's current assets is represented by inventory?

vivek bond

 Profile Answers by vivek bond Questions by vivek bond

• Dec 6th, 2008

current asset is $3billion so, current ratio = current assset current liabilities1.5 = 3 / current liabilities  current liabilities 1.5 = 3hence current liabilties is $2 billion Now, quick ...

joe fagan

 Profile Answers by joe fagan Questions by joe fagan

• Oct 29th, 2008

A company has current assets of $3 million. The company's current ratio is 1.5 and it's quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the company...

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Can Loading, Unloading and Installation Charges during the time of shifting of the company be capitalised?

Laukesh chaudhary

• Dec 29th, 2014

As per As 10 issued by ICAI till the time of asset put to used all exp are booked as the asset . In same nature for which such type of operating exp done.

After asset put to use the exp on asset are capitalized only inf increased the life of asset

hellomanishsharma

 Profile Answers by hellomanishsharma Questions by hellomanishsharma

• Jun 9th, 2010

Loading, Unloading and Installation Charges during the time of shifting of the company cant be capitalised as such these Expenses are of (Opex) Operating Expenses nature.

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What is capitalisation of Fixewd Assets? explain with Example?

Rashmikanta Sahoo

• Oct 30th, 2013

Capitalization means to add the value with WDV of the assets . Here value means the expenditure incurred related to the assets, increase the capacity of assets and it also related to expenditure for...

krishnahr13

 Profile Answers by krishnahr13 Questions by krishnahr13

• Jun 28th, 2010

If a company purchase plant & machinery for its factory use by investing large amount of money and assume that expected life of P&M is 10 years and which generates revenve for the co...

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anoop singh

• Aug 8th, 2011

WDV method is better method to calculate depreciation. In initial years cost of product reduced more and WDL record depreciation higher in initial years.

Sohaib Abbas

 Profile Answers by Sohaib Abbas Questions by Sohaib Abbas

• Mar 25th, 2011

A.A?We can decided which method of deprecation is best on the basis of usefulness (benefits) provided by the asset.When we prefer SLM:-we preferred SLM where the equal amount of ?benefit is derived ...

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What is asset book and what are the mandatory setups for this & what are the validation types in Fixed assets?

Laukesh Choudhary

• Dec 29th, 2014

Asset other than the current asset asset is Fixed asset. Current asset are the asset which are converted into cash or sale within One year max.

kamal

• Jul 11th, 2013

Fixed asset is which ever item is not transferable into cash easily is nothing but fixed asset

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What is fixed asset reconciliation? Why do we prepare fixed asset reconciliation?

Rupesh

• Dec 28th, 2016

We Prepared the fixed asset reconciliation just to get the information whether depreciation has been properly charged or not, whether the addition of new asset to the particular accounts is justifiabl...

Madhu

• Nov 23rd, 2016

Fixed assets are those assets which are purchased for long term use and those assets cannot be converted into cash very quickly.

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In straight line method the amount to be depreciated remains constant where as in written down method the amount to be depreciated decreases by each passing year

vaishnavi

• Aug 24th, 2007

In Revaluation Method,the amount of depreciation at the end will be deducted from the beginning Eg. Bottles,Tools.....In sinking fund method, the amount of depreciation will be invested outside the business & this will be used for Replacement of Asstes,Buying a new assets. 

chowdary.thakkella

• Dec 8th, 2006

depreciation types are slm: stright line methodwdv: writendown value methoddimenishing value methoud

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I am trying to retire fixed assets that have fully depreciated. Can I retire it by scrapping

vinod kumar reddy

• Nov 15th, 2018

If any fixed asset which is not generating revenues can retire by the following way: First it should be written off by providing full depreciation and charge to profit and loss a/c For example if as...

Venugopalnair_s

 Profile Answers by Venugopalnair_s Questions by Venugopalnair_s

• Jun 25th, 2008

Yes, by scrapping the same Asset.

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How to determine whether an expense is an asset or not? When you receive an invoice that shows that the company has purchased a tool or something, what makes you think this thing is an asset or it's an expense. Is it the price of it or what?

vinod kumar reddy

• Nov 15th, 2018

The expenses are of two of two types capital expenses revenue expenses The expenses which increases the earning capacity of asset are called capital expenses and it should be added to fixed asset c...

vijay saxena

• Nov 8th, 2014

Expenses who is spend on assets to increase the life of assets that type of expenses called capitalistic expenses and this expenses are reward as more than one year

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What is Asset life cycle?

huzefa

• Aug 8th, 2011

The FA cycle is -
1. Procurement
2. Deployment
3. Usage / Consumption
4. Upgradation
5. Disposal.

These are the stages of a Fixed asset.

huzefabhori

 Profile Answers by huzefabhori Questions by huzefabhori

• Nov 8th, 2010

The Asset Lifecycle contains the following:1. Procurement of the asset.2. Deployment of asset.3. Use of Asset.4. Upgrading the asset if required.5. Decommissioning the asset6. Disposal or salvage of asset.

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C.A Vikas & Seemant & co.

• Aug 27th, 2007

Ficticius assets are those assets which are not write off at once and which are not treated as fixed assets like Deffered revenue Expenditure.

sreevani

• Dec 14th, 2006

Ficticious assests are those assests which are not invisible in nature but they are value is enjoyed. ex such as goodwill,copyrigths,patents,revenueexp suchas advertisments etc.

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hellomanishsharma

 Profile Answers by hellomanishsharma Questions by hellomanishsharma

• Jun 9th, 2010

There are 2 types of Fixed Assets:Tangible fixed assets:  Tangible assets are those that have a physical substance and can be touched, such as Land, Building, furniture & Fixture, Plant &...

Ravindar554

 Profile Answers by Ravindar554 Questions by Ravindar554

• Sep 13th, 2008

There are 3 types of Fixed Asset:-1- Capitalized Assets2- CIP Assets3- Group Assets

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what is the current rate(%) of PF and ESI in private ltd. companyI have needed for my Current JobThanks & rgds.Rajesh

Indrajit soren

• Apr 18th, 2017

I am working in two companies, Can I use same EPF and ESI account deposits. Please Help.

Anil prajapati

• Dec 22nd, 2016

Akanksha, what should we do when employee salary is 20000?

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Hanumantharaya.D

• Nov 27th, 2012

Loans & advance shown on the asset side of the balance sheet because this is assets now that why we are shown in the asset side of the balance sheet.

santosh kumar

• Aug 1st, 2011

Loans and advance showing in asset side in BS

Loans and advances is an repayable item to the company so its shown in asset side in BS

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what are direct and indirect tax? what do you mean by appreciation of assets? Explain with an example

Priyabrata

• Jan 30th, 2017

We have to capitalise the transport cost as well if its new set up of machinery.

local transporting charges from Islamabad to gilgi

• Mar 11th, 2015

Should not capitilize just operating exp.

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