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very imp capital items

what does it mean by capital items?

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    author's profile photo Former Member
    Former Member
    Posted on Dec 19, 2008 at 11:29 AM

    Hi,

    Capital items means assets,tools,machinery,equipment, land , buildings, furniture & fittings.

    which in the End & Opening of financial year you have to run deprecian of all asset i. e. in terms of revaluation of your capital items.

    hope it helps..

    manoj singh

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  • Posted on Dec 19, 2008 at 11:06 AM

    Hello

    Capital items means assets,tools,machinery,consumables,plant & equipment, land & buildings, furniture & fittings,

    Regards

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 19, 2008 at 11:21 AM

    Hi Meena,

    Capital items are major items in any project which are related to Assets.

    In Marxian economics, capital goods originally referred to the means of production.[1] Individuals, organizations and governments use capital goods in the production of other goods or commodities. Capital goods include factories, machinery, tools, equipment, and various buildings which are used to produce other products for consumption. Capital goods, then, are products which are not produced for immediate consumption; rather, they are objects that are used to produce other goods and services. These types of goods are important economic factors because they are key to developing a positive return from manufacturing other products and commodities.

    Manufacturing companies use capital goods to help their company make functional goods to sell individuals valuable services. As a result, capital goods are sometimes referred to as producersu2019 goods or means of production. An important distinction should also be made between capital goods and consumer goods, which are products directly purchased by consumers for personal or household use.

    For example, cars are generally considered consumer goods because they are usually bought by an individual for personal use. Dump trucks, however, are usually considered capital goods, because they are used by construction and manufacturing companies to haul various materials in order to make other products such as roads, bridges, dams, and buildings. Similarly, a chocolate candy bar is a consumer good but the machines used to produce the chocolate candy bar are considered capital goods.

    Capital goods are generally man-made, and do not include natural resources such as land or minerals, or human capitalu2014the intellectual and physical skills and labor provided by human workers.

    One should not confuse the economic term capital goods and the financial term capital (economics), which simply means wealth.

    Regards,

    VB

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 19, 2008 at 11:24 AM

    Hi,

    Capital items means the items that are used in your business but not the direct materials like Buildings, Infrostructure,Machinary,Tools, Consumables or systems that are procured for your business

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