Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

how would be affected the B/L and P/L purchasing OF BRAND
NEW Motor vehicle

Answer Posted / ravi.harjai2009@gmail.com

There are two way answer of this quation......
first----if a brand new car purchased for the personal use
i.e.(drawing)....
so there is no effecte on p&l account because it is
relatated with personl expense and in balance sheet,it is
less from the capital account...
Second----when it is purchase for business only so at time
of year ended deprecation will shown in p&l account and in
balance sheet assets willbe shown......

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the reasons for getting audited?

1093


What are the importance of internal audit to the organization?

1156


What is the mean of internal audit?

1136


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1464


What sort of image do you have?

1967


What is mean by error of submission? can u plz provide notes on this?

2488


which type audit for your company account

2273


vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?

2209


which of the following procedure would auditor lease likely perform in planning a financial statement audit?

2200


A company charity (gross income

2231


What sort of image do you have?

2350


What is final audit?

1133


How does an internal audit differ from an external audit?

1071


I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??

2119


What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?

2781