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Categories >> Accounting >> Accounting AllOther


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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Tell me if the company wants to enhance thier business and 
incured the cost on other building (like Buliding Material, 
Iron and Others) so we will put it in to the expenses or i 
have to put it into the Fixed asset land and buildin by 
passing this entry
Land and Building (Dr)
     Bank/Cash/Detors) (Cr)

 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
In question it is not clear that building is under
construction or old building .

If building is under construction then it will be
captalized other wise if old building it will be booked in
Repairs and maintenence(Building)
Is This Answer Correct ?    3 Yes 0 No
Mayank Verma
# 2
You are right it should be captalized. 
Is This Answer Correct ?    0 Yes 0 No
Motilal Verma
# 3
Yes dear Thanks for Answer its mean i m rigt so the
buildong is under construction all expenses related with go
to the building a/c
Is This Answer Correct ?    0 Yes 0 No

Other Accounting AllOther Interview Questions
  Question Asked @ Answers
What are the various means of calculating depreciation?   2
a) what are the rate of employees & company's contribution for PF & ESIC? b) what is the ceiling in case of ESI deductions? c) what are the due dates for paying ESI/PF Ess-Dee 6
what is Contra Entry? Capital-IQ 9
What is the meaning of Journal Ledger?   5
Dear Sir, In A Purchase Function Hw can we justify The rate given by the supplier, dealerrs & mfgs are actual rate. is there any parameter.hw can we find the actual rate of particular items. ABC 1
What are the source of gaining long-term funds???? What are the limitations of gaining long-term funds???   2
What is portfolio? India-Infoline 10
what is letter of credit and how do you settle it   1
fill in the Blanks The minimum amount of remuneration allowable to the working partners is___________   1
journal entry for drawings? Wipro 25
How to Determine Bad Debts Expense?   5
For more Accounting AllOther Interview Questions Click Here 

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