what is asset under constractions
Asset under construction= fixed asset under construction in progress.
Quite Simply, a business cannot, must not, wait until a long term construction contract which lasts several years is completed before any profit (or loss) is taken to the financial statement. That would be a distortion of the truth i.e. the company performing the contract would have been successfully completing stages of contract and must therefore take some profit in financial statements as contract activity progresses (Matching Concept).
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Huge advertising expenses on the introduction of a new product in the market. The expenditure is called ---------
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
Expand ________ECM
What is mean by ETDS
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a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
interest paid comes under which head
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40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000
What is "investment cash" compared with "current assets cash"?
Whats is Cash Flow Statement why its is prepare ?
service tax form no ? What is CC Limit ? What is branch accounts?