What is impairment of assets?
Answer / rajendran
It is reduction in the value of the asset other than due to
depreciation.
Impairment loss= Carrying amt - Recoverable amt
Is This Answer Correct ? | 8 Yes | 0 No |
What is Deferred Income Tax and how to calculate and enter in the tally.
1 Answers Crossdomain, FactSet Systems,
any one provide me mm & fi configration steps
what means by goodwill?
What is Capital reserve and Revenue reserve...? Any example would be highly appreciated.
I have purchased computer,furniture,laptop, vendors has given me retail invoice he has mentioned his vat,cst no in bill & he charge vat in bill
If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet
meaning of capital
goods with drawn by proprietor for household expenses
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
Goods lost by fire rs.5000 it was partly insured insurance company admit the claim for 3500 what will be the journal entry
A company has not deposited TDS since April 2010 till 31-12- 10. TDS amount is around 3.00 Lacs per month u/s 194c,J and 1.00 U/s 192. Can any one tell concequences and chart in excel sheet how much to be deposited as on 31.12.2010 with interest. For each quarter - whether interest calculation is separate or to take it cumulative. pls explain with qanswers and hoe much panely , interest to be paid till 31.12.2010 also inform the status of tds certificates to be issued and panelty for the same for late issuance. i.e what shud be the date of issuing the certificates to public & empoloyees.
The main financial accounting statements?