Answer Posted / velmurugan
When the depreciation is provided on the asset
Depreciation A/c Dr xxx
To Asset A/c xxx
(Being Depreciation for Asset 10% p.a entry)
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
Tell me what is project implementation?
What are the basic assumptions in accounting?
Tell me in balance sheet, where do you show tds?
is we can prepare any account for partnership in tally
Tell me what do you believe makes a successful account executive?
What are time sheets? How are they maintained?
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
Which steps in Procurement to Pay process does FI documents get created.
Tell me what is the difference between accumulated depreciation and depreciation expense?
How to pass an general entry for materials which are stored in warehouses??????
What is liabilities and what all does include in current liabilities?
what is current rate of excies duty for a manufacturing company?
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.