Answer / sunny matta

Depreciation A/C dr
To Accumulated Depreciation

Answer / anuja2007

Accumulated Depreciation A/c(Provision for Dep) Dr.
To (Related)Fixed asset a/c

Answer / vijaykumar

Depreciation a/c Dr
To accumulated depreciation a/c

Answer / arjun

P&L a/c dr
to accumulated depreciation a/c

While closing books for the year end, We had Closing stock which is inclusive of VAT(i.e Cost price + VAT), What is the treatment of this Closing Stock in the P&L and BS , is Closing Stock Shown Inclusive of VAT (ie. Cost price +VAT) or, without VAT (ie. Cost Price)

5 Answers  

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6, state with reasons wheather the following items are capital expenditure or revenue expenditure i, A factory building was constructed at a cost rs 1500000 a sum of rs 64000 were incurred for the construction of huts for storing building materials ii, rs 5000 paid for removal of stock to a new site iii, expenses incurred in connection with obtaining a license to start the business were rs 15000

1 Answers  

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If we purchase machinery from gujarat ie from cst supplier & we have to give them 'c' form what should be the entry for the same.

2 Answers  

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List out things that fall under intangible asset?

0 Answers  

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Which reserve comes on the debit side of Balance Sheet?

3 Answers   TATA,

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Describe the P&L Account?

2 Answers  

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what is contra entry . plz explain with example.

6 Answers   KOMA,

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What is investment banking?

1 Answers  

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A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.

0 Answers   Jaguar,

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Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?

1 Answers  

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why the closing stock arises in the trading account of final accounts

2 Answers  

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Tell me entries to revenues accounts such as service revenues are usually?

0 Answers  

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