Answer Posted / h.r. sreepada bhagi
Amortization is the process of writing off Intangible assets
over a period of more than one year. Example, Amount paid or
spent for acquiring patent, Pre-operative Expenses,
Preliminary Expenses, etc. It's similar to charging
depreciation on tangible fixed assets.
The purpose is not to burden the Profit & Loss A/c of the
year in which the expenses are incurred, but to spread over
a period or years with a view to set off against the
revenues of several financial periods with reasonable logic.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
How use Budget in SAP, i want to see the report of variant between budget and actuals.
Knowing what you know now, walk me through what you would do differently to drive even more success?
Who uses accounting?
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
If closing stock is given in adjustments, how we show in tally 9.0 ?
Tell me in accounting, how do you define premises?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?
Do you know any other accounting application?
What is the difference of cost accounting and financial accounting?
how to finalised the Balance sheet & profit & loss A/C
Do you know partitioning in accounting?
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
i want to wearies heads under direct expenses and indirect expenses