Non-current assets
Buying, tracking and selling the assets a business keeps for years: capital expenditure, the asset register, disposals and part exchange.
See the first roomCapital or revenue expenditure
Rooms in this module
How this works
Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.
Words in this module
- Error of principle
- An error of principle is an entry in the wrong kind of account, such as an asset recorded as an expense.
- Non-current asset
- A non-current asset is an asset a business keeps and uses for more than a year, such as a van, an oven or shop fittings.
Questions
How many rooms and questions are in Non-current assets?
5 rooms and 48 questions. Every question is marked at once.
How long does it take?
About 53 minutes in all. A room takes 9 to 12 minutes, so you can do one at a time.
Is it free?
No. These rooms need Premium. Each room shows the start of its first task before you pay.
What should I do first?
Depreciation. It is the module before this one in Year-end adjustments.