Which of the following is false with regard to fixed asset processes
A)Often fixed assets require a large outlay of cash and companies should have in place special processing for expenditures that exceed a given dollar limit.
B)A capital budget is a document that outlines all fixed assets that are budgeted to be purchased.
C)Fixed assets require recording in both the general ledger as well as a subsidiary ledger
D)A capital budget is a document that outlines the capital that is to be rased for fixed assets that are budgeted to be purchased.

Question

Quizplus · Accepted Answer

Option D is false because a capital budget outlines the amount of funds to be utilized for acquisition of the fixed assets and not for raising capital itself.

Which of the Following Is False with Regard to Fixed