Answer Posted / mahesh
Actually immovable assets are not able to be depriciated.
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
How can you explain the basic accounting equation?
journal entry for goods withdrawn for personal use
Define executive accounting?
shares convert into share capital what is the journal entry? how many ledgers need to create?
Revenue Expenditure
What we have to post entry for payroll processing ? (Indian payroll)
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
Mention the types of accounts involved in double entry book-keeping?
Entries to revenues accounts such as service revenues are usually?
how to create salary and pf statement in excel sheet?
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
What are its characteristic features of financial accounting?