Answer Posted / praveen.kp
Amortization is nothing but writting off of expenses with
series of months or year. this done mainly to intangible
assets and charged to P&L a/c.
Eg:
Good will,
Patents,
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
Explain me is any difference between inactive and dormant accounts?
By saying, perpetual or periodic inventory system; what do we mean?
what is the diffrence between cash flow & cash fund?
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
Explain how you can adjust entries into account?
have you ever been involved in an invoice dispute? How did you manage the problem?
what are the main important accounting entries for AP and AR ...
What are the 4 phases accounting?
Types of errors in account
Cost Accounting
shares convert into share capital what is the journal entry? how many ledgers need to create?
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
What is reversing journal entries?
What is a contra entry