FIXED ASSETS notes

Sections

This section is the fixed asset register (also called the tangible asset register): the subsidiary record of each tangible/non-current asset. Totals must agree with the General Ledger and the…

Depreciation

This section is depreciation: why we provide it, the key terms (cost, residual, useful life, carrying value), the two methods Grade 11 uses (straight-line / cost and diminishing balance / carrying…

Disposal of Fixed Assets

This section is disposal of tangible / fixed assets: removing an asset from the books using the Asset disposal account, updating accumulated depreciation to the date of sale, and finding profit or…

Ethics & Internal Controls: Fixed Assets

This section is ethics and internal control over fixed assets (tangible / non-current assets). You already know the register, depreciation (04) and disposal journals (05). Here you judge whether…

Common questions

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What is covered in FIXED ASSETS for Grade 11 Accounting?

The FIXED ASSETS section covers all key concepts from the Grade 11 Accounting CAPS curriculum, including detailed explanations, worked examples, and exam preparation tips.

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How do these notes help with exam preparation?

Our FIXED ASSETS notes are CAPS-aligned and include worked examples, common mistakes to avoid, and exam tips — everything you need to prepare for your Grade 11 Accounting exams.

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FIXED ASSETS notes

Sections

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Common questions

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