Question

Can we allow expenses/fixed assets in purchase vouchers

Answer 1

is this a hindi question???

Answer 2

Answer:

Yes, we can allow expenses/fixed assets in purchase vouchers.

Explanation:

• In some circumstances, activating the Allow Expenses/Fixed Assets option in purchase vouchers allows you to avoid the process of entering Fixed Assets purchased with a Purchase voucher or Expenses incurred with the use of a Journal voucher.
• As a result, expenses/fixed assets might be included in purchase vouchers.
• As time passes, fixed assets lose value.
• These assets are expensed differently than other things because they offer long-term revenue.
• In some cases, expenses incurred in purchase/enabling real estate, normally the process of entering into real estate purchased through a purchase voucher or expenses incurred with the use of a journal entry, may be omitted altogether.

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