Assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2016
If we purchase chairs of rs. 8000/- for office use so it will be consider as a assets and should be posted in furniture & fixtures or should be consider exp. and posted in office exp.
01 April 2016
It is asset and show under furniture and fixtures.
01 April 2016
assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment is called fixed assets
So booked under head of Furniture & Fixtures
So booked under head of Furniture & Fixtures
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