Where accumulated Depreciation appears - b/s or p&l. please
provide journal entry while accumulating and also while
using the fund for purchase of new assets.
Answers were Sorted based on User's Feedback
Answer / seetharaman
Acc dep will be deducted from gross block of FA in B/S, and
it will not come anywhere in p&l
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / anshita dutta
When accumulating depreciation...
P&l a/c ....dr
To acc dep a/c
When using for purchase /sales of asset
Acc dep a/c ....dr
To asset a/c
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / amar
Deprecation show in expenses side in P&L and deduct value in assets,this journal entry :
deprecation a/c dr.
to Assets
Is This Answer Correct ? | 1 Yes | 2 No |
What is the difference between CASH FLOW and FUND FLOW?
pls can any body give me detail journal entries for stock of amanufaturing company?
On goods purchases of Rs.2,00,000 got trade discount of 20,000 from supplier, and the amounts paid to supplier is 1,00,000 in cash and RS.1,00,000 in check on the same day, what would be the general ledger entry ?
How many questions u have done in ur written exam held in november for SBI clerical??? who are cleared for the interview..plz tell me...???
What knowledge should financial accountant have?
iam working at hotel industry it is a small industry so, i did'nt kept postage and telegram ledger because we are not doing so recently we send courier that courier charges which ledger i have to take?
What is the BPO/KPO/ITES Organisations?
what is MIS Report
Explain what does the standard journal entry includes?
Explain the types of ledger?
A company has not deposited TDS since April 2010 till 31-12- 10. TDS amount is around 3.00 Lacs per month u/s 194c,J and 1.00 U/s 192. Can any one tell concequences and chart in excel sheet how much to be deposited as on 31.12.2010 with interest. For each quarter - whether interest calculation is separate or to take it cumulative. pls explain with qanswers and hoe much panely , interest to be paid till 31.12.2010 also inform the status of tds certificates to be issued and panelty for the same for late issuance. i.e what shud be the date of issuing the certificates to public & empoloyees.
is provident fund is liability or indirect expenses for employer???