what is entry for depreciation?
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Answer / lingraj s kallur
depreciation a/c Dr 00000 -----
To cash a/c ----- 00000
(being depreciation charged on fixed assets)
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Answer / abir
let, we should find depreciation on machine
Machine Dr.
Cash/Bank Cr.
(To buy a machine)
Depreciation Expense Dr.
Accumulated Depreciation Cr.
(To count depreciation)
Depreciation Expense Dr.
Profit & Loss Account Cr.
(To show depreciation on P/L account)
| Is This Answer Correct ? | 4 Yes | 9 No |
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
why should we do accounts in company
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what is accouting
Anand put Hire charges bill for Rs 185250. During the course of work we supplied diesel worth Rs 25360,paid driver battas of Rs 1050.Pl pass journal entry by taking security deposit @ 5% and TDS @2.25%as deductions from bill
what is marginal cost?
how u find ou the closing stock
What is Gross Income?
PLEASE EXPLAIN DEBIT NOTE & CREDIT NOTE?WITH THE FOLLOWING QUESTION? 1)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS SUPPLIER(CREDITOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS? 2)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS CUSTOMER(DEBTOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS?
what is the difference between provision for bad debts and reserve for bad debts?
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