Answer Posted / kavita
Depreciation is like as a Indirect Exp. which are charged by
co. every year to know the value of asset at current time
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
What is fitting and fixtures?
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
Define bills receivable?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
By saying, perpetual or periodic inventory system; what do we mean?
Explain me your current/former role, your responsibilities, and how success is/was measured?
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
we can transfer stock between two firms with same name but prop. is different.
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
have you ever been involved in an invoice dispute? How did you manage the problem?
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
Is the shadow balance present in bank account always credited or bank may reverse it as well?
Which accounting application you prefer most and why?
1.recivable and payble 2.pf,tds,esi