Fixed Assets
- Accounting
Explaining The Assets Of Balance Sheet In Detail
In accounting, assets are important parts of the balance sheet. The purpose of this article is to define an asset…
Read More » - Accounting
Is Accumulated Depreciation An Asset Or A Liability?
What is Accumulated Depreciation? Accumulated Depreciation is the cumulative depreciation expenses recognized against a Fixed Asset. It is a contra…
Read More » - Accounting
Methods of Charging Depreciation to Departments
Methods of Charging Depreciation (Equipment): Depreciation is usually a cost not controllable by departmental foremen. However, their use of equipment…
Read More » - Accounting
Recognition Criteria For Property Plant And Equipment
We cannot recognize everything as assets, there should be criteria as such. Para 7 of IAS 16 contains the following…
Read More » - Business
Characteristics Of An Asset In Accounting
Not everything in accounting can be treated as assets. Recognition of liabilities, expenses and revenues are having specific recognition criteria.…
Read More »
