Interested to Buy Any Domain ? << Click Here >> for more details...
What is Depreciation and how is it different from amortization
- 5 Answers
- 11412 Views
- IBM, Thomson Reuters, I also Faced
- E-Mail Answers
Answer Posted / muhammad ramzan
depreciation is the poriton of cost of any tangible assest
(machinery, etc.) that is used up in business during a
year, amortization is portion of cost of intangile
assests.e.g. copyrights, etc.
hop u understand the difference well.
| Is This Answer Correct ? | 14 Yes | 0 No |
Post New Answer View All Answers
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
Short answer on____________Assessment Year
what is the use of accounting standards
what is meant by virus
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
what is meant by cash purchase?
Distinguish capital and Revenue receipts
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
Why you want to leave your present job while they offer you with good offer?
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
