when can we change the Depreciation Method? and what is the requirements.

Advertise your Business Here

Refer this Site

Login | Sign Up


	Do you have a collection of Interview Questions and interested to share with us!! Please send that collection to along with your userid / name. ThanQ

Categories >> Accounting >> Audit

Audit Interview Questions

CompanyAffairs CS Interview Questions

Taxation Interview Questions

Accounting General Interview Questions

Accounting AllOther Interview Questions

Question

when can we change the Depreciation Method? and what is the 
requirements.

Question Submitted By :: Naveen Mallela

I also faced this Question!!

Rank

Answer Posted By

Re: when can we change the Depreciation Method? and what is the requirements.

Answer
# 1

when can we change the Depreciation Method?

@ Adaptation of different method of depreciation is either
required by statue or to comply with accounting standard
@ It i considered that change would result in more
appropriate presentation of financial statement .

what is the 
requirements?

If you are going to change any accounting policie.The
discolsure for the same should be given in your financial
statement along with the affect of such change ( i.e the
amount by whic your asset will appreciate in value by
changing the method of of depriciation)

Is This Answer Correct ?

4 Yes

0 No

Abcd

Question	Asked @	Answers
Other Audit Interview Questions


What would be treatment of insuance claim received when vehicle is damaged and related exp. is already debited to Repair and Main. A/c		5
when is the closing stock shown in the trial balance?	Infosys	10
What duty to auditors and independent examiner have to report problems to the Commission ?		2
outstanding assests		1
if accountant miss the journal entry of outstanding expenses. since its is a error of omission it cannot affect the Trial Balance how we auditor find it out.	Infosys	6
what is statutaru audit??		2
what do we carry audit		1
What is the difference between provision and payable	Amex	4
State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100		2
audit papers		1
what is GSP . Pls clear it		1
1.How do you effectively solve Accounts problems 2. What was the most demanding / stressful situation that you have handled in your current capacity (Accountant):		1
how two calculate capital a/c	TATA	2
comptroller auditor general of india functions		1
Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account		1
what is opening balance?	ABC	6
What is a voucher????		6
What are the reasons for debtors outstanding showing as negative?	IBM	2
What the meaning of Computer Auditing.	emc2	1
the primary purpose of compliance test is to verify whether?		1

For more Audit Interview Questions Click Here


Copyright Policy \| Terms of Service \| Help \| Site Map 1 \| Articles \| Site Map \| Site Map \| Contact Us \|

Copyright © 2007 ALLInterview.com. All Rights Reserved.

ALLInterview.com :: Forum9.com :: KalAajKal.com