How should you record a capital expenditure? a. Debit a liability b. Debit capital c. Debit an expense d. Debit an asset

Q: Describe the accounting for actuarial gains and losses

A: Actuarial Gains and losses arises due to the difference in the pension payment made by the employer…

Q: Assets are usually valued under which basis? A. replacement cost B. historical cost C. net…

A: In terms of accountancy, an asset can be defined as a business resource which can be utilized to…

Q: Describe the Capital Expenditure process

A: Capital expenditure as the term suggest is a one time usually a balance sheet item. Usually a…

Q: normal balance of asset, liability, and equilt

A: The balance sheet shows the financial position of the company that including the assets,…

Q: What is the calculation for return on assets (ROA)? Explain what ROA measures?

A: ROA is the abbreviation used for Return on Assets. It a common accounting term and this is usually…

Q: Which assets are included in the definition of current assets?

A: Current asset refers to the asset which can be easily converted to cash with a year. Current assets…

Q: How do you identify an asset with reference to AASB? How should an asset be recognized in the…

A: Step 1  An asset is a tangible or intangible attribute having financial or economic value that an…

Q: haat is the relationship between Income Measurement and Asset Valuation?

A: Profit or loss calculation is indeed a simplified method of calculating income. An accountant…

Q: Define the concept of Financial Assets

A: Definition:- Generally Financial assets are not in physical nature assets. Which are liquid assets…

Q: How should you record capital expenditure? Debit a liability Debit capital Debit an expense Debit…

A: Capital expenditure: Capital expenditure refers to the expenditures that are incurred to increase…

Q: the difference between capital expenditure and revenue expenditure.

A: Expenditure is defined as spending money on something. This can be a cash payment or the exchange of…

Q: Another name for a capital expenditure is: O Revenue expenditure O Asset expenditure O Long-term…

A: Capital Expenditure: A payment for goods or services that is reported on the balance sheet rather…

Q: Which of the following is typically recorded at its present value? a. long-term investments b.…

A: Present value is the worth of any asset or liability that is more in the present as compared to the…

Q: hat amount of total assets will be reported?

A: Step 1 Total assets to be reporting in consolidated financial statements is holding‘s assets+…

Q: Distinguish between the following measures of invested capital, and briefly explain when each should…

A:

Q: Define (a) assets, (b) liabilities, (c) equity, and (d) net assets.

A: Step 1   The elements of financial statements are the general categorization of items contained…

Q: financial assertion

A: Financial assertions are statements made by management in an an assertive way regarding the items in…

Q: What is the total capital required for both off- and on-balance-sheet assets?

A: On-balance sheet items are those which are represented as a part of the company's financial…

Q: (a) What are total current assets? show working (b) What are total current liabilities? Show working

A: Current assets are those assets which can be converted into cash within a short period of time like…

Q: What temporary capital records are found in the income statement? Revenue and Expenses Revenue and…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Distinguish between the accounting for capital expenditures and revenue expenditures.

A: Fixed Assets: It refers to the long-term assets having a useful life of more than a year which is,…

Q: Under what conditions should investments be classified as current assets? As long-term assets?

A: A current asset is a cash and other assets that are reasonably expected to be converted into cash…

Q: Elaborate the term: “De-recognizing” financial assets

A: Financial asset is a form of liquid asset for the business. These assets gets its value from the…

Q: 1. How do we decide whether to capitalize (record as an asset) or expense a particular cost? 2.…

A: ANSWER   Cost: The cost of the long-lived assets refers to all the expenditures made in order to…

Q: Where is the capitalized income recorded? Debit aide of Income and expenditure A/C Deducted from…

A: Capitalised income is income related or gained from the capital assets or long term assets in the…

Q: Explain the investment Adjustments for Other Assets and Liabilities.

A: Fictitious assets are described as the deferred expenses or losses incurred in a particular…

Q: How should an asset be recognized in the financial statement? How should asset be measured?

A: The balance sheet shows the resources controlled by the entity from past events from which economic…

Q: -1) Write down at least two examples for : Asset Liability Capital or Owners Equity Revenue Expense

A: Assets: Assets are those items that provide value for money and future economic benefit for an…

Q: Borrowing cost can be capitalized as cost of the assets when

A: Borrowing costs are costs related to amount borrowed or loans taken. This is the interest expense…

Q: O Assets and Liabilities Income and Capital Revenue and Expenses O Assets and Liabilities and…

A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first…

Q: ich of the following is not a capital asset? a. Equipment -b. Vehicle c. Expenses -d. Building

A: Option C is the Correct answer.

Q: Capitalizing a cost means to record the cost into a(n) a. contributed capital. O b. asset. Oc.…

A: Capitalization represents the cost of an asset recorded over a period of time. Whereas, when the…

Q: Why do expenditure accounts have debit balances if assets are valued resources and asset accounts…

A: The Answer

Q: Explain why it is important to distinguish between capital expenditure and revenue expenditure, and…

A: Expenditures: The Expenditures are the way of spending money on something, or the money that is…

Q: Which of the following statements is correct? O Assets - Liabilities = Ownership interest O Assets +…

A: The basic accounting equation as per double entry system of accounting is: Assets = Liabilities +…

Q: Which of the following A. Capital + Liabilities = Assets B. Assets - Liabilities = Capital C. Assets…

A: The general accounting equation is Assets = Liabilities + Capital.

Q: Under what two conditions should investments be classified as current assets?

A: The investments should be classified as short–term investments if it satisfy the following…

Q: compare ordinary assets from capital assets

A: Ordinary Assets:-  A per tax code Ordinary Assets are the assets which are held by the tax payer for…

Q: Classify Revenue or capital expenditure?

A: Introduction: Revenue Expenditure: Its a Recurring expenditure. Expenditure spent with in 12 months…

Q: Give example of personal assets

A: An asset  is a resource owened by individual or business that provides…

Q: normal balance of asset liability and equity

A: The balance sheet shows the financial position of the company that including the assets,…

Q: How do u calculate for total assets?

A: Introduction: Assets are resources owned by the company that is expected to generate future economic…

Q: - return on assets Is:

A: Closing income tax Payable = Opening Income tax payable + Current year expenses - Income tax paid…