Answer Posted / h.r. sreepada bhagi

Depreciation is the amount charged off to the Profit & Loss
Account of a financial period over the life of a long-term
asset (Fixed or Capital Asset). The purpose is to spread the
cost of investment in an asset over the period of it's
useful life. Depreciation is charged at the rates and as per
the method specified in the applicable Statutory Law/s in
any country. It recognises the reduction in the value of an
asset due to passage of time, use, obsolescence, etc.
Depreciation is debited to the Profit & Loss of the
financial year and shown as deduction from the gross value
of the asset as at the end of that financial year.
Depreciation Reserve is the accumulated depreciation on all
the assets as at the end of a financial period. It's also
called Accumulated Depreciation ans shown a a deduction from
the gross value of Fixed Assets. Purpose of showing
depreciation reserve is to have accumulated reserve to
replace the assets when required.

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1936

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we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

1700

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Tell me what is public accounting?

1043

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Explain me scrap value in accounting?

1121

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2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.

2256

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what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance

1898

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Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

1924

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Explain dual aspect term in accounting?

989

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goods worth rupees 440 distributes free among the poor?

2050

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List out the stages of double entry system?

1081

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Explain me by saying, perpetual or periodic inventory system; what do we mean?

1130

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I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?

3876

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A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

2107

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adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

1728

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what is the D.V.T. rate from 1/10/2009

1986

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