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.

Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

1072

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Expand-------BANT

2230

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Explain about Fluctuating Capital

2612

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What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

2129

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what is cost accountinp

2313

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A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if.  The selling price is reduced by 5 %.  Fixed cost is increased by 2 lacs

1837

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Define the word Profit in terms of business

2161

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distinquish between liquidity ratio and asset management ratio

2030

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Exapnd--------RAN

2249

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DESCIBE EXPORT PROCEDURE

2032

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what is the use of accounting standards

1966

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Weather Entry tax on consumable goods purchased against CST

2152

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what is the difference between financial accouning and financial management?

2222

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

4254

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Is interest of a business unit Operating Expense or Non Operating Expense

1894

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