how would be affected the B/L and P/L purchasing OF BRAND
NEW Motor vehicle
- 2 Answers
- 3718 Views
- I also Faced
- E-Mail Answers
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
accounting & audit system of film production enterprises
A company charity (gross income
What are the reasons for getting audited?
what is the difference you can make by doing your course in the country of your choice
Why do you want to work in audit?
Explain the difference between internal audit and statutory audit?
Define vouching?
Explain what are the different functions of internal audit?
i want question papers audit staff selection examination
What is an internal audit?
Do you know what are the reasons for getting audited?
What is the mean of statutory audit?
How I can evaluate the internal control audit?
What is the mean of decommission liability?
How would you describe your management style
