Explain the nature and accounting treatment for fixed asset?
Submitted by: AdministratorOnce the asset is purchased it is recorded in the books of accounts by using money measurement concept. It takes in to account only the expenditure incurred for purchasing the asset.
As per the company procedures depreciation will be calculated. Depreciation fund will be maintained.
Submitted by: Administrator
As per the company procedures depreciation will be calculated. Depreciation fund will be maintained.
Submitted by: Administrator
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