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what is amortization
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Answer / nagarjunamfm@gmail.com
it is a process of writing off intangible assets.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / sejal
Generally we calculate Depriciation on Fixed assets....but
we can not calculate depriciation on Intingible assets like
patent ...so we calculate amortization on it...
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / harish
its writing of the cost of an asset or investment over its
useful life. Amortisation is liked with intangible asset----
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ramesh.valabellary
Reduction in value of intangeble assets like goodwill.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / nagaraju tungapati
Amortization is the process of writing off of an intangible
assets like which we can't see but when covert into the
value of money it is value i.e goodwill.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / svkavani
Amortization is a method of write down Fixed Assets over its useful life.For instance You can not depreciate Patent so we Amortize it.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / samba shiva
its just like a paying back money in instaulments on a loan
taken
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / rakesh
amortization means it just like the repayment of loan in
installmets to my understanding amortization is what i have
said.
| Is This Answer Correct ? | 2 Yes | 12 No |
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
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