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Fixed Assets Interview Questions

Below we have listed all the Fixed Assets Interview Questions and answers. Feel free to comment on any Fixed Assets Interview Questions or answer by the comment feature available on the page.

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Fixed assets are a company's tangible, noncurrent assets that are used in its business operations. A common example of fixed assets is a manufacturer's plant assets such as its buildings and equipment. The word fixed indicates that these assets will not be used up or consumed or sold in the current accounting year. A fixed asset is a long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash any sooner than at least one year's time. Fixed assets are sometimes collectively referred to as "plant."

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Intangible Assets Interview Questions & Answers (0) Exam Mode | Learning Mode

Tangible Assets Interview Questions & Answers (1) Exam Mode | Learning Mode

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Define what is meant by the terms "capital" and "revenue" items in connection with fixed assets.
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How to change asset class in fixed asset module in SAP? I made a wrong entry regarding the asset class.
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What are the various means of calculating depreciation?

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What is the difference between the different depreciation methods

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What is fectitious assets?
What is meant by cash book and day book and general leder?
Employee salary deductions under section of the income tax act of india?
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What experience have you had in fixed assets accounting?

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What are the various means of calculating depreciation?

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After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation of that asset

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Give me an example of any major problem you faced and how you solved it?
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When an asset completed its life period in the books of account, and we sale that asset then what is the entry in the books of account?
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Company 'A' purchase Motor Vehicle amounted RM 12,000 from Company B. Company B is also creditor Company A. Company B want to set off with their account RM9,000. Please help me what transaction happen. Debit and Credit entry.
4.3 Rating
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Latest 20 Questions
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
"Holiday Packages" announced as an advertisement are an example of _________: (a) Offer (b) Counter Offer (c) Invitation to Offer (d) None of the above
A match fixing contract between a player and a broker is a: (a) Valid Contract (b) Unenforceable Contract (c) Void Contract (d) Illegal Contract
When a bookseller sells a book on cash payment then it is called as ___________: (a) Unilateral Contract (b) Bilateral Contract (c) Executed Contract (d) Executory Contract
____________ agreements are created by situation: (a) Written (b) Oral (c) Void (d) Implied
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