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DEPRECIATION
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Answer / me
An accounting process by which the cost of a FIXED ASSET, such
as a building or machinery, is allocated as a periodic
expense, spread over the depreciable
life of the ASSET
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / madhulika2011
A METHOD OF ALLOCATING THE COST OF TANGIBLE ASSETS OVER ITS USEFUL LIFE. BUSINESS DEPRECIATE LONG TERM ASSET FOR BOTH TAX AND ACCOUNTING PURPOSE.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / laymanblog
In simple, it means Decrease in the value of the assets. So
the company mentioned the present value of the asset,
deduction the depreciated(decreased) value in the Balance
Sheet.
| Is This Answer Correct ? | 3 Yes | 2 No |
Define dual aspect term in accounting?
AL+w button lanunches the .............. installed web brower
1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.
what are the steps for the payment cycle of the firm or company?
WHAT IS MONTH END CLOSING? AND WHAT YOU DO IN MONTH END CLOSSING PROCESS?
How to create Donation entry In tally? Company donate Rs. 250000 to TATA MEMORIAL HOSPITAL
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1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.
case flow
What is the treatment of loan and its interest in trading profit and loss ,balance sheet
4_ _ _ 4 _ _ _ 4_ _ _ 4 =20 use +,-,/,* to solve ot
why land is not depreciated.........?
Audit 
