Answer Posted / laymanblog
In simple, it means Decrease in the value of the assets. So
the company mentioned the present value of the asset,
deduction the depreciated(decreased) value in the Balance
Sheet.
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
Where a cash discount should be recorded in a journal entry?
Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income
What do you know about this position?
what is the journal entry for gas connection taken by company for preparing tea and coffee.
What is the procedure of submit bank guarantees and cancellation.
how to individual capital account.
when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.
Knowing what you know now, walk me through what you would do differently to drive even more success?
Why company issue shares at discount as its a loss ?
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
What qualities have you got that would make you a good accountant?
Define bills receivable?
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
What is the use of form D in sale tax