Answer / me

An accounting process by which the cost of a FIXED ASSET, such
as a building or machinery, is allocated as a periodic
expense, spread over the depreciable
life of the ASSET

Answer / madhulika2011

A METHOD OF ALLOCATING THE COST OF TANGIBLE ASSETS OVER ITS USEFUL LIFE. BUSINESS DEPRECIATE LONG TERM ASSET FOR BOTH TAX AND ACCOUNTING PURPOSE.

Answer / laymanblog

In simple, it means Decrease in the value of the assets. So
the company mentioned the present value of the asset,
deduction the depreciated(decreased) value in the Balance
Sheet.

In excise one dealer gives us two invoice. one is only tax invoice and other is duplicate for transporter.and both are are the different serial no so in which bill is posted in accoounting transactions.

1 Answers  

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Different ways to Query the Invoices

0 Answers   Accenture,

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what is debit and credit?

1 Answers   Genpact, Infosys, Nainital Bank, Satyam,

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How to do accounting entries in Accounts Payable

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purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

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Define a company's payable cycle?

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what is journal entry of reserve for doutful debts.

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what is a finance

5 Answers   Accenture,

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Under which Category TDS payable and TDS receivable will fall explain the rules

1 Answers   JLM Aircon,

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what do you mean by the word Purchase

3 Answers   Capital IQ,

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if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

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how to pass entry in tally Rs 50000 cheque paid to son by father

0 Answers  

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