Answer / priyamayeleven

depreciation is decrease in the value of assets.

Answer / guest

depreciation are treated as expenses because it reduce the
value of assets use after use.

Answer / deepa

Depreciation is the gradual decrese in the usage value of
the asset. Co. charges every month to know the net value of
the asset.

Answer / seetu

Depreciation refers to two very different but related
concepts:

decline in value of assets, and
allocation of the cost of tangible assets to periods in
which the assets are used.
The former affects values of businesses and entities. The
latter affects net income. Generally the cost is allocated,
as depreciation expense, among the periods in which the
asset is expected to be used. Such expense is recognized by
businesses for financial reporting and tax purposes.
Methods of computing depreciation may vary by asset for the
same business. Methods and lives may be specified in
accounting and/or tax rules in a country. Several standard
methods of computing depreciation expense may be used,
including fixed percentage, straight line, and declining
balance methods. Depreciation expense generally begins when
the asset is placed in service. Example: a depreciation
expense of 100 per year for 5 years may be recognized for
an asset costing 500.

Answer / kavita

Depreciation is like as a Indirect Exp. which are charged by
co. every year to know the value of asset at current time

DIFFERENCES BETWEEN MANAGEMENT ACCONTING AND FINACIAL ACCOUNTIG

1 Answers   EXL, Wipro,

what do you mean by the word Purchase

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Explain what is liabilities and what all does include in current liabilities?

0 Answers  

SIR , PLZ DEFINE 'H' FORM,E1 FORM,D2 FORM

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pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

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i have purchase goods for Rs.100 and company say you sell this goods for Rs. 80 and raised a debit note for diffrence amount and he fix 5 % commision on sales value what is journal entry passed in tell with narration?

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what is the definition of derivative, what is a security?

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Capital secure should be shown in which side of the balance sheet?

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The trial balance cheks: 1)Arithmetical mistake 2)honesty of the book keeper 3) valuation of the closing stock 4) nature of the business

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what is private equity?

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what is professional tax slab rate ?

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