How should you treat money donated to improve a building,
which is a permanent endowment?
Answer Posted / madhuri
Expediture incurred on building which is a permanet
endowment should be considered as a Capital expenditure and
should be addition to the asset which should be added to
the cost of the asset.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
Expand-------MUR
What is revaluation of assets.when it occurs
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
What are events occuring after the balancesheet date?
what are the types of provisions that you would make for the end of a financial year?explain
how to prepare mba finance for interview questions
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
how an accountant can do budgetery controls of expenses?
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
to attend interview for real estate company accounts