Which of the following is not a part of adequate documents and records for fixed assets?
A)Fixed asset journal
B)Fixed asset subsidiary ledger
C)Purchase order
D)Fixed asset tags

Question

Quizplus · Accepted Answer

The fixed asset journal is not typically considered a part of the essential documents and records for managing fixed assets. Essential records usually include detailed listings in a subsidiary ledger, purchase orders evidencing acquisition, and physical tags for tracking, but the journal itself is more about recording transactions in the accounting system rather than managing the details of fixed assets.

Which of the Following Is Not a Part of Adequate