What is Asset& Liabilities?
What is depreciation And define methods.
what is BRS and when we can use .
Explain Acconting concepts & principles.
General entry for paybles.
What is dividend?
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Answer Posted / ravichandra
Hi,
Depreciation is a measuare of the wearing out, consumption
or other loss of a value of a depreciable asset arising from
use, effulaction of time and obsolvence.
Depreciation is a process of allocating the depreciable
asset of an its estimated life of the period.
BRS
Brs means Bank reconcilation statement. its to be prepared
to know the difference between cashbook and pass book. its
to be prepared for monthly one time.
Accounting concepts are very very important in the
accounting. because of every accountant in the world should
have follow the conceps. there are called as gaap. it means
generally accepted accounting principles
these are
- Business entity concept
- money measurement concept
-cost concept.
-dual concept
-going concern concept.
entry for paybles is
SUPPLIER NAME A/C DR
TO CASH/BANK A/C.
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