WHY DON'T WE TAKE BANK AND CASH ACCOUNTS INTO REALISATION
Answer Posted / divya s k
realisation implies the cash received from
realising.i.e.selling an asset. since cash & bank are in the
form of cash, it cannot be sold as such.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is service tax & excise? How will it be charged?
Differentiate between consignor and consignee?
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
What is the difference between trial balance and general ledger?
what is valuation code and valuation modifier in sap fico
What is accounting
Do you know what is balance sheet?
TDS %AGE ON CALLIBRATION CHARGES BILL
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
what are the limitations of accounting conventions
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
What is an accounting transaction?
What is the definition of manual accounting?
What is definition of a cash float in accounting?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.