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Earn +20 ptsQ: Mobile phone is an fixed asset or expense in accounting term?
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Continue Learning about Accounting
What is entry for depreciation?
[Debit] Depreciation expense[credit] fixed asset.
What is The term applied to the periodic transfer of a fixed asset's cost to expense is?
Depreciation
What is the journal entry for depreciation expense?
Debit depreciation expenseCredit fixed asset
How does fixed asset management help a situation?
Fixed assets management is an accounting process that helps track fixed assests for financial accounting, preventative maintenance and to prevent theft.
On a balance sheet what does contra asset allowance for doubtful accountsrepresent Is it current asset fixed asset or investment?
see the site. http://ccba.jsu.edu/accounting/BADDEBTS.HTML
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