Answer Posted / s. vijaya kumar
Every asset having a some value at the time of purchase.
During the period after purchase, Decrease asset's value
either mony or worth, that is called unusable value. this
unsuable value or worth may be visible or unvisible. Its
called depriciation. this may be deduct many methods like
Straight Line method, Retrun Down Value Method, and so on.
for this method govt has fixed the particular parcentage
S. Vijaya Kumar M.Com
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Explain me what is assets minus liabilities?
Explain how you can adjust entries into account?
Tell me what is gaap?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
what is the Differed Tax Liability & How it is calculate ?
What are source documents in accounting?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.
Is it possible contra entry in SAP FICO
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
What is the provision?
What is your greatest achievement and why?
Who is considered the father of accounting?
What is an adjusting journal entry?
What is peach tree accounting?