machine installments.., Accounting Standards

Assignment Help:
i buy machine 70% cash 30% installments.i have charged 100% cost to asset and capital so when i pay first installment i debit installment expense and credit bank so my question is installment is not my capital expense ? and how i treat it to capitalized ?

Related Discussions:- machine installments..

Accounting policy , As of 2005, consolidated financial statements of listed...

As of 2005, consolidated financial statements of listed companies in the European Union are required to be prepared in accordance with IFRSs. Complete the following accounting p

Ias, last changes in accounting standard in aias?

last changes in accounting standard in aias?

Explain the meaning of social accounting, QUESTION Social accounting is...

QUESTION Social accounting is a way of measuring and reporting on an organisation's social and ethical performance. It is principally concerned with offering a complementary fo

Accounting theory & practice, procedure followed in govt.system of accounti...

procedure followed in govt.system of accounting in india

Transactions relating to goods, The term goods refer to articles that are t...

The term goods refer to articles that are traded through the firm   articles bought for resale. For illustration, for book seller, books are goods, for an electrical store fans, fo

Revenue recognisation, what all include in company revenue recoganisation

what all include in company revenue recoganisation

Explain accounting structure, Q. Explain accounting structure? The acco...

Q. Explain accounting structure? The accounting structure of a profit seeking business is an information system designed to provide relevant financial information on the resour

Accounting Practices, Describe three examples of financial accounting pract...

Describe three examples of financial accounting practices and for each, explain how the practice assists in the decision making process

International accounting standard committee, International Accounting Stan...

International Accounting Standard Committee ( I. A. S.C. ) Defines inventories as Tangible property) a. Held for sale in the ordinary course of business. b. In the proces

American municipal bond assurance corporation, The first municipal bond ins...

The first municipal bond insurance company was created in 1971 as a supplementary of MGIC Investment Corp. of Milwaukee; now usually called as Ambac Financial Group, Inc. The Ameri

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd