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Why is it important to physically verify fixed assets when vouching receipts from the sale of fixed assets?
  • a)
    To confirm the accuracy of depreciation calculations.
  • b)
    To prevent manipulation of fixed asset records.
  • c)
    To ensure assets are registered in the client's name.
  • d)
    To determine the profit or loss on the sale.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Why is it important to physically verify fixed assets when vouching re...
Physically verifying fixed assets when vouching receipts from the sale of fixed assets is crucial to accurately determine the profit or loss on the sale. The physical condition and value of the asset help in calculating the financial impact of the sale.
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Why is it important to physically verify fixed assets when vouching receipts from the sale of fixed assets?a)To confirm the accuracy of depreciation calculations.b)To prevent manipulation of fixed asset records.c)To ensure assets are registered in the client's name.d)To determine the profit or loss on the sale.Correct answer is option 'D'. Can you explain this answer?
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Why is it important to physically verify fixed assets when vouching receipts from the sale of fixed assets?a)To confirm the accuracy of depreciation calculations.b)To prevent manipulation of fixed asset records.c)To ensure assets are registered in the client's name.d)To determine the profit or loss on the sale.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why is it important to physically verify fixed assets when vouching receipts from the sale of fixed assets?a)To confirm the accuracy of depreciation calculations.b)To prevent manipulation of fixed asset records.c)To ensure assets are registered in the client's name.d)To determine the profit or loss on the sale.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is it important to physically verify fixed assets when vouching receipts from the sale of fixed assets?a)To confirm the accuracy of depreciation calculations.b)To prevent manipulation of fixed asset records.c)To ensure assets are registered in the client's name.d)To determine the profit or loss on the sale.Correct answer is option 'D'. Can you explain this answer?.
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