Suppose One asset purchased in 2006year and calculated SLN
method depreciation @10%pa for value 100000. Now middle of
the present year the assets was transfered to B company.
How can we take the accounting for previous depreciation,
asset value (transfer value) to debit B company. What is
the asset status in BS.
- 1 Answers
- 4344 Views
- Accenture, I also Faced
- E-Mail Answers
Answer / parixit namdhar
B Company A/c Dr. <Transfr Value>
Provision for Dep. A/c Dr. 25,000
Loss(If Any) A/c Dr. <Diffrence Amount if '-'>
To Asset A/c <By Asset Purchase Price>
To Profit (If Any) <Diffrence Amount if '+'>
Asset will be squred of in BS
*Dep. calculated for 2 1/2 year.
| Is This Answer Correct ? | 10 Yes | 5 No |
Short Answer on -----Working capital
What is meant by Cost Accounting? How it is different from Financial Accounting?
6 Answers AV Vision, Deloitte, DigiCall, Parco, TATA,
what is accountig methods?
• What is Window Dressing?
Expand---------CBDE
How goodwill is accounted for the first time in a company .
Pass Journal Entry for the following Mr.A is running Furniture Business. He bought 10 chairs at Rs.1000 each. He used one chair for his personal use.
cany anyone explaing what are the functions of an Account Officer/Manager?
Expand ________FIPB
Expand U G A(Allowance in mines)
EXPAND___________ITO
What is Debt and What is Equity?
Audit 
