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What is a Form 116 CSUN?

A Surplus Property Survey Request (Form 116) must be prepared and submitted to Asset Management. A complete description of the item, including the University identification number and serial number, if available, should be furnished.

How do you make an asset ledger?

Fixed Asset Ledger (TDS) Go to Gateway of Tally Accounts Info. Enter the Name . Select Fixed Assets as the group name in the Under field. Set Inventory values are affected to No . Set Is TDS Deductible to Yes . Set Treat as TDS Expenses to Yes . Select the required Nature of Payment .

What is asset ledger?

What Is An Asset Ledger? The asset ledger is the portion of a companys accounting records that details the journal entries relating only to the asset section of the balance sheet. Asset ledgers will have many sub-accounts. The larger the company, the more numerous and complex the asset ledgers will be.

What is an example of a ledger?

Examples of common ledger accounts include: Asset accounts, such as cash, prepaid expenses, accounts receivable, and furniture and fixtures. Liability accounts, including accounts payable, accrued expenses, lines of credit, and notes payable.

What is the ledger for assets and liabilities?

Asset accounts normally include cash, accounts receivable, inventory, investments, and fixed assets. Liability accounts may include accounts payable, notes payable, and accrued expenses payable. In general ledger accounting, a businesss transactions are typically recorded using the double-entry bookkeeping method.