difition of reserve & surplus

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How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500

2 Answers   Consortexe,

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M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

0 Answers  

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What is the Full Procedure of Purchase ?

0 Answers   Ne Rubber Mills,

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tds,pf,esi,edcation.callculation, and salary preparation

3 Answers  

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What is executive accounting?

0 Answers  

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Accounting basic rules with example relevant to day to day business

2 Answers   Wipro,

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Which account is responsible for interest payable?

1 Answers  

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What is BRS? Why BRS?

1 Answers  

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what is share application money pending allotment?

0 Answers  

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What is aggregate Liabilities ?

0 Answers   Bangladesh Securities and Exchange Commission BSEC,

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WHAT IS THE ENTRY IN 31 MARCH OR 1ST APRIL FOR PROVISSION FOR SALARY

1 Answers  

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