Where accumulated Depreciation appears - b/s or p&l. please
provide journal entry while accumulating and also while
using the fund for purchase of new assets.
Answer Posted / seetharaman
Acc dep will be deducted from gross block of FA in B/S, and
it will not come anywhere in p&l
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What are time sheets? How are they maintained?
give me examples of the accounting reports you have prepared
What is the journal entry of building rent and TDs payment?
Tell me do you possess any knowledge about accounting standards?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
on what rate depreciation will be calculated?
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?
What is an operative accounts?
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
Explain accounting 101?
Tell me what is accrual accounting?
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?