Answer Posted / kamani

Amortization or amortisation is the process of decreasing,
or accounting for, an amount over a period of time. The
word comes from Middle English amortisen to kill, alienate
in mortmain, from Anglo-French amorteser, alteration of
amortir, from Vulgar Latin admortire to kill, from Latin ad-
+ mort-, mors death. Particular instances of the term
include


Amortization of capital expenditures of certain assets
under accounting rules, particularly intangible assets, in
a manner analogous to depreciation.

Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it

2292

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A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c

2069

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How do you avoid loss situation

1979

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where we have file E-returns in SAP FICO-CIN/Wtax?

2662

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i need sbi bank clerk exam model question papers

2357

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You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

3408

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What problems might be encountered if there were no accounting standards?

3016

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WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?

2070

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to attend interview for real estate company accounts

2076

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i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?

2190

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Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

2002

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HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

2197

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In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

2811

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Short Answer on _____________Whole Sale Trade

2132

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company's total overhead expense is containing which are the expenses? Definition of overhead expense.

2043

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