Computer value 5000
Deprecation 3000
Book vale 2000
Sold for 2000
Pass entry?
- 16 Answers
- 14827 Views
- FIC, I also Faced
- E-Mail Answers
Answer Posted / jl
Cash A/C............ Dr 2000
Drepriciation A/c .....Dr 3000
To Computer A/c 5000
| Is This Answer Correct ? | 12 Yes | 7 No |
Post New Answer View All Answers
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
Tell me what is gaap?
What does the standard journal entry includes?
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
Do you know what is double-entry accounting? Explain with an example?
How can I put Bank Guarantee Receipt entry in Tally ERP9?
Accounting Questions
What is the use of form D in sale tax
Cash bill of sale so the company can deduct the amount.
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
can i material bill book in miro without vat on transport charges ?
what is the D.V.T. rate from 1/10/2009
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
