Ledger Question: Download Ledger PDF
Explain Capitalization of Internal, External Asset?
Answer:
Asset becomes capitalised when it is bought for profit motive, as an investment, and most important : when it is used.
Asset available within an organisation - Internal Asset.
Asset where they are present physically out of organisation - External Asset.
Asset available within an organisation - Internal Asset.
Asset where they are present physically out of organisation - External Asset.