Fixed assets, which is a non-current asset, is a balance sheet account. The Plant and Machinery, Furniture and Fittings, Office Equipment, etc. are fixed assets. 270 more words
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Requirement: Requirement is to identify Fixed Asset and Payables transaction related Asset Clearing Account coming into GL. This is to make the reconciliation of asset clearing account easy. 948 more words
In this HOW TO, we will go through the process of acquiring the Fixed Asset from Purchase Order Processing
- Consider we have a PO, the user will mark the line… 84 more words
The term fixed asset is used to describe an item with a useful life of more than one reporting period.
In general fixed assets are long lived economic resources such as land, building and machines that are used in business to carry out profit making activities. 242 more words