how would be affected the B/L and P/L purchasing OF BRAND
NEW Motor vehicle
- 2 Answers
- 3744 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mahesh
ASSETS WILL INCREASE IN BALANCE SHEET
DEPRECATION WILL BE CHARGED IN P/L ACCOUNTANT DEBIT SIDE
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ravi.harjai2009@gmail.com
There are two way answer of this quation......
first----if a brand new car purchased for the personal use
i.e.(drawing)....
so there is no effecte on p&l account because it is
relatated with personl expense and in balance sheet,it is
less from the capital account...
Second----when it is purchase for business only so at time
of year ended deprecation will shown in p&l account and in
balance sheet assets willbe shown......
| Is This Answer Correct ? | 3 Yes | 0 No |
how to match closing balance and opening balance of bank statement & closing balance and opening balance of bank reconcilation statement ?
If goods is transferred to other state by f form condition. With some value. Then f form issued form the govt is value will be same as transfer time......
what are the cost audit and management audit?
What is the vat rate levied on cement mould bricks
Is vendor statement recon done as two way process? Statement to Ledger Ledger to stement?
4 Answers Capital IQ, Cognizant,
Why do you want to join audit?
While conducting an audit, the IS auditor detects the presence of a virus. What should be the IS auditor’s next step? a) Observe the response mechanism. b) Clear the virus from network. c) Inform appropriate personnel immediately. d) Ensure deletion of virus.
2 Answers Hindustan Unilever Limited,
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
Define decommission liability?
What duty to auditors and independent examiner have to report problems to the Commission ?
What is an audit process?
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
Audit 
