Answer Posted / aamer
Decrease in value of an asset due to obsolescence or use.
depreciation can b done using STRAIGHT LINE METHOD or FIXED
INSTALMENT METHOD. Under straight line method depreciation
value changes every year where as in fixed instalment method
rate of depriciation remains the same every year.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Distinguish capital and revenue expenditure
What exactly balance sheet depicts
what is the good prasentation on interview
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
business sepsarate entity concepts
Process of the settlement cycle?
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
What is corporate restructuring?
What is meant by Revenue Loss
i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?
• What is depreciation and the method?
WHAT IS PROSPECTUS?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??
what is absorbtion coasting?