Answer Posted / dhulappa
Land is not depreciated because land is assumed to have an
unlimited useful life. Land is long term assets, since
land’s life is not limited, there is no need to allocate
the cost of land to any accounting periods
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How can do it TDS in accounts?
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
cash credit taken from bank then what is the general entry?
What is definition of a cash float in accounting?
What is double-entry accounting? Explain with an example?
What is the disadvantage of double entry system?
why you want to lecturer
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
What is "deposit in transit"?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
Do you know in accounting, vat abbreviates what?
Do you know what is icai?
how many types excise audits and when they are applicable to firm