its a loss
No . If an assest is expensed it will only flow thru the PnL or Income Statement and not be recorded on the Balance sheet as an asset. That is generic treatment of expensing. In a capitalisation approach the asset will appear on the Balance sheet and annual depreciaiton expenses will be reflected on the PnL ( income statement). The Balance sheet will show the Accumulated depriciation on the liabilities side of the balance sheet and Net value ( ie Asset value less less depreciation amount) on the Asset side of the Balance sheet No . If an assest is expensed it will only flow thru the PnL or Income Statement and not be recorded on the Balance sheet as an asset. That is generic treatment of expensing. In a capitalisation approach the asset will appear on the Balance sheet and annual depreciaiton expenses will be reflected on the PnL ( income statement). The Balance sheet will show the Accumulated depriciation on the liabilities side of the balance sheet and Net value ( ie Asset value less less depreciation amount) on the Asset side of the Balance sheet
Yes, it is a stock of the company so it is shown as asset in the balance sheet.
Cash is an asset of business and it is shown under current asset of business at asset side of balance sheet.
Fees receivable would appear on the balance sheet as an asset.
Yes. It is an asset and assets are on the balance sheet.
No . If an assest is expensed it will only flow thru the PnL or Income Statement and not be recorded on the Balance sheet as an asset. That is generic treatment of expensing. In a capitalisation approach the asset will appear on the Balance sheet and annual depreciaiton expenses will be reflected on the PnL ( income statement). The Balance sheet will show the Accumulated depriciation on the liabilities side of the balance sheet and Net value ( ie Asset value less less depreciation amount) on the Asset side of the Balance sheet No . If an assest is expensed it will only flow thru the PnL or Income Statement and not be recorded on the Balance sheet as an asset. That is generic treatment of expensing. In a capitalisation approach the asset will appear on the Balance sheet and annual depreciaiton expenses will be reflected on the PnL ( income statement). The Balance sheet will show the Accumulated depriciation on the liabilities side of the balance sheet and Net value ( ie Asset value less less depreciation amount) on the Asset side of the Balance sheet
Yes, it is a stock of the company so it is shown as asset in the balance sheet.
Cash is an asset of business and it is shown under current asset of business at asset side of balance sheet.
Cash is an asset of business and it is shown under current asset of business at asset side of balance sheet.
Fees receivable would appear on the balance sheet as an asset.
Yes. It is an asset and assets are on the balance sheet.
In balance sheet asset side
Machinery is an asset of business and long term asset so it is part of long term asset in balance sheet.
Yes closing stock is balance sheet item and shown under current asset in asset side.
Profits or loss are part of capital all credits and liabilities are shown in liabilities side of balance sheet same way all debits and assets are shown under assets side of balance sheet.
If dividend payable then liability if dividend receivable then it is asset if dividend paid then it is not part of balance sheet.
it is a contra asset (negative) hence that's why it is shown as decreasing amt on the balance sheet. In other words, the contra account of any given account is of the same type. So, the contra of a fixed-asset account is also a fixed asset account but with the opposite normal balance. That's why depreciation is in the asset section.