Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / swathi
A house, car, or equipment suffer from wear and tear over time, making them worth less and less. Land does not do this. You can, of course, ruin the value of a property by tearing it up, dumping chemicals, or any number of things... But if does not "wear out". Other than fluctuations based in real-estate values rising and falling... The land generally retains it's value or increases in value (unless you spent too much on it to begin with). In fact, over the long term, land is the best investment, IMO, because unlike things which are depreciated, land will go UP in value over the long term, because the demand is always increasing, while they are not making any new land.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
How does accounting contribute to the community?
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
What are depreciation and amortization?
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
Do you think accounting standards are mandatory and why?
What is the important of computerized accounting to manual?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
What are the 4 phases accounting?
