Answer Posted / c handu

Amortize means Repayment of a loan by installments; an
accounting procedure allowing gradual repayment
(retirement) of a debt by means of systematic payments of
principal and interest over a period of the estimated life
of the asset on which the loan is made or secured. For
FIXED ASSETS, DEPRECIATION is the allowance for wear-out.
For natural resources, DEPLETION is the allowance for the
wasting away of the asset.

DEPRECIATION is An accounting term for the cost recovery of
REAL PROPERTY and PERSONAL PROPERTY; the EXPENSE deduction
on an INCOME STATEMENT allowing for gradual wearout of a
FIXED ASSET; AMORTIZATION of a fixed asset. The duration of
the depreciation period approximates the useful life of the
asset. Commonly used methods of depreciation include
STRAIGHT-LINE DEPRECIATION; ACCELERATED DEPRECIATION;
ACCELERATED COST RECOVERY SYSTEM; DECLINING-BALANCE METHOD;
SUM-OF-THE-YEARS-DIGITS METHOD.

is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?

2164

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what is Journal Entries?

2191

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i am the student of icwai (intermidiate) What is the tds and how use the different state ..

2168

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Provision of Bad Debts is made in compliance with the convention of -----------

1934

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what do u mean by single error and double error in accointing errors?

2355

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what are the purpose for the preparation of cost centre ?

2136

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What is SOX

2235

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What are motive behind mergers And acquisitions?

2197

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How the sub ledgers(AP, AR) integrate with GL liability and receivable

2086

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difference between vat 47 & vat 49

3264

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about tally erp9

3371

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Expand---------PDBC

1999

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What are the major responsibility's of an accountant? what are the qualities he /she requires?

2148

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What is inter-corporate deposits? and where it is shown in balance sheet?

3922

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MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?

2034

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