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.
Amol S Joglekar
(Expert)
01 April 2016
It is asset and show under furniture and fixtures.
Murtaza I Bhagat
(Expert)
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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