The Diocese of Oxford
Text Only : Site Map : Search : Contact : Preferences : Help

Message Board

ODBF » PCC and Deanery Treasurers » Fixed assets and R&P accounts « Previous Next »

Author Message
Top of pagePrevious messageNext messageBottom of page Link to this message

peter stoddart
New member
Username: Peterstoddart

Post Number: 1
Registered: 1-2007
Posted on Sunday, January 14, 2007 - 8:51 pm:   Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)
How should I account for fixed asset purchases in an R&P account?

For example as a PCC we have bought a PC and various PA equipment which has a significant carrying value at the year end.

In an accruals account I would include the assets within fixed assets and charge depreciation to the P&L over say 4 years; however I do not think this is the case in an R&P account.

In addition, how do I reflect the carrying value in my statement of assets and liabilities?

Any help would be useful

Add Your Message Here
Post:
Username: Posting Information:
This is a private posting area. Only registered users and moderators may post messages here.
Password:
Options: Enable HTML code in message
Automatically activate URLs in message
Action:

Topics | Last Day | Last Week | Tree View | Search | User List | Help/Instructions | Program Credits Administration

The views expressed here are those of the poster. The Diocese of Oxford does not endorse any opinion posted here.

Copyright © 2006 Oxford Diocesan Publications Ltd. Credits Privacy

Discussions