Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


What is amortization..? Any examples pls..?

Answers were Sorted based on User's Feedback



What is amortization..? Any examples pls..? ..

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

What is amortization..? Any examples pls..? ..

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

What is amortization..? Any examples pls..? ..

Answer / parushuram

Gradual reduction in the value of intangible assets
ex:
Good will
patents

Is This Answer Correct ?    2 Yes 0 No

Post New Answer



More Accounting General Interview Questions

parent company loss deduct from subsidiary company proft

3 Answers   Capital IQ,


Assigning natural account to accounting seg. What will happen

0 Answers   Meru Cabs,


What is accounting chart of accounts?

0 Answers  


1- Can ledger make without journal?

1 Answers  


What is the meaning of contra entry

4 Answers  






sir if we make purchase and sale for the same pary for the same amount what adjusting entry have to be passed to close that entry in tally. while taking bill wise details we can see the dr. cr.and have to cancell that

2 Answers   HEG, Optimus,


what is indian income & foreign income

1 Answers   Wipro,


Explain what is liabilities and what all does include in current liabilities?

0 Answers  


Purpose for maintained RG 23a Part II & RG 23c PArt II? give brief discussion....

2 Answers   TCS,


when we are cash deposit in bank, how entry in contra (tally)software ?

8 Answers   Somerset,


whats difference between manufacturing account & cost account

2 Answers   Kurlon,


Tell me what is the general classification of accounts that usually ledger account involve?

0 Answers  






Categories