Interested to Buy Any Domain ? << Click Here >> for more details...
What is amortization..? Any examples pls..?
- 3 Answers
- 6941 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / praveen.kp
Amortization is nothing but writting off of expenses with
series of months or year. this done mainly to intangible
assets and charged to P&L a/c.
Eg:
Good will,
Patents,
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / 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 |
Answer / parushuram
Gradual reduction in the value of intangible assets
ex:
Good will
patents
| Is This Answer Correct ? | 2 Yes | 0 No |
Define bills receivable?
if i am getting 165000 than should i dedected on my salary or not?
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
What is C & F Activity ?
What are the 4 types of ppe?
What is fair value accounting definition?
Difference Between Revenue & Capital Expenditure Give an Example of each ?
how we maintain account for a coaching institute?
Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan
what is bank reconsilation statement?and hw it will be calculating
How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000/-.Invoice value is Rs.17000/- (its incl. Rs.6,000/- freight), duty for this is Rs.4500/- (its seperate).Kindly tel me how to pass entry for the above?
difference between loans & advances
Audit 
