Answer Posted / manojs
the term to write the intangigle assets is amortistion.an
intangible assets with finite useful shall be amotised and
intangible assets with infinite useful should be impaired
and not amortised. for
eg goodwill should be impaired butshould not be amortised
treatment:its a non cash expense so it should be charged
against the income
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
What exactly balance sheet depicts
credit card entry in tally
what do you mean indirect expanse in trading business?
Short Answer on _________Commerce
What is Inventory Control?
what are the importance accounting entries for AP and AR process in interview..
What is Direct Debit
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
what is the procedure of interview question in genpact
what is mean by traditional accounting ?
What are direct income and indirect income