What is amortization?
- 38 Answers
- 47892 Views
- Brigade, Capital IQ, Sri Ram, I also Faced
- E-Mail Answers
Answer Posted / laxman
Dear saroja goodwill, patents, copy rights are not a
tangiable asset these are intangible assets.
The process of writing off an intangible asset is called as
amortization.
| Is This Answer Correct ? | 20 Yes | 1 No |
Post New Answer View All Answers
what is contigent liabilities? whats it status in balance sheet?
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
what is leverage n detail and tpoes of leverage with iagram?
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
what is ledger account
what is undisclosed profit? explain
Which Exchange determine Foreign Exchange/Currency Rate?
what is duties and responsibilities for clark working in sbi
ACCOUNTING CONCEPTS AND CONVENTIONS
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
What is Inventory Control?
Take me through the entire vendor cycle.
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
