Answer / guest

By reference to the carrying value in the balance sheet. *
If the asset is valued at market value in the balance sheet
(at the previous period end) then the realised gain or loss
is the difference between the sales proceeds and the market
value at that date. * If the asset is valued at cost in the
balance sheet (e.g. at the previous period end or because
it was purchased since the previous period end) then the
realised gain or loss is the difference between the sales
proceeds and the cost.

Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

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Is advance paid wages has credit balance?

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EXPAND_________ZBA

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What is balance sheet? How you come to know after seeing balance sheet that economic condition is good or bad any organisation?

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Short Answer on ___________Appreciation

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market capitalisation

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How does the rendering of services on account affect the accounting equation? a. Liabilities increase; stockholder’s equity decreasesb. Assets increase; liabilities increase c. Assets decrease; stockholder’s equity increases d. Assets increase; stockholder’s equity increases

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whatis meant by contigent liability

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EXPAND___________ITAT

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What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

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Expand ------DMRC

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What is a dead A/c?

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