Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

0 Answers  

---

What is LC?

5 Answers  

---

in accounting process there is summerizing. what is sumarizing? and an relevant example of summarizing?

3 Answers  

---

$198 owing by Brass Instrument Ltd is to be written off as a bad debt? how to pass the journal entry for this question?

1 Answers  

---

What is a bank account balance?

1 Answers   Accounting, ICICI,

---

How many ways can i increase paid up capital? Can i use retained earnings and change into paid up capital? If yes, what are the entries in the books?

2 Answers   ABC,

---

GOVERMENT COMPANY FOLLOWS WHICH TYPE OF ACCOUTING SYSTEM

2 Answers  

---

Sir how the enter of GST adjust of sales return

0 Answers  

---

Describe in brief introduction of Account.

1 Answers   OPI Global,

---

3, SURVEY EXPENSES FOR MARINE INSURANCE CLAIMS MUST BE A, addedto claim B, added to legal charges c, added to administrative expenses d, none of the above

1 Answers  

---

Explain me what is assets minus liabilities?

0 Answers  

---

How bank reconciliation statement is prepared

3 Answers  

---