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Assets

afsar (accounts) (24 Points)

15 January 2011

Can any one tell me how to make assets list.

the procedure to make fixed assets.

thanks & Regards.

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5 Replies

Madhusudan Kabra (knowledge seeker) (1779 Points)
Replied 15 January 2011

Give numbering to each individual assets department,team,area wise and keep a register of such ( means area where particular numbered asset was kept and person rensponsible,authorised to handel,maintain it)

Regards

Madhusudan

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Madhusudan Kabra (knowledge seeker) (1779 Points)
Replied 15 January 2011

Yes,,

you can assign number to each individual assets department wise and no of assets wise like there is 5 nos of Table in A/c department, where table no. 03 is under Mr. XXX
then numbering can be in dis way
Table/A.c.& fin/03
you can use sticker on each individual asset for recognition..... and u can right the name of person responsible for this in your register maintained againist particular assets

Regards

Madhusudan Kabra

Rahul Sharma (Student + A.M.- Finance) (2530 Points)
Replied 15 January 2011

I Agree with Madhusudan Kabra

Rocky D (CAArticle) (22 Points)
Replied 22 January 2011

give item no for each individual asset , date of purchase,code no, location of the asset,date of installation,acquistion and erection charges, borrowing costs,depreciation based on shifts and block of assets.