i purchase a printer which expenses it comes my shop is medicines purchase and selling

3 Answers  

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bill receivable is showing what A/c ( Real, nominal, personal)

1 Answers   ICA,

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M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

0 Answers  

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Differentiate between provision and reserve?

0 Answers  

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WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

0 Answers  

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When we paid TDS on commission how will journal entry come

0 Answers  

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While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

0 Answers  

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Types of errors in account

0 Answers   Genpact,

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What is accounting transaction?

0 Answers  

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what is the Journal entry for credit card bill paid from same bank account

0 Answers   Construction,

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What are the 4 principles of gaap?

0 Answers  

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Whether Goods receipt is an Asset or liability?

3 Answers  

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