Interested to Buy Any Domain ? << Click Here >> for more details...
Realisation account vs revaluation account
- 17 Answers
- 96268 Views
- Andhra Bank, I also Faced
- E-Mail Answers
Answer Posted / pavan
realization account:-
An account used to record the disposal of an asset or assets and to determine the profit or loss on the disposal. The principle of realization accounts are that they are debited with the book value of the asset and credited with the sale price of the asset. Any balance therefore represents the profit or loss on disposal.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
what is the difference between Assets Allocation & Security selection?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
how to do finalisation account ,pls tell me step by step ?
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
pls send me capital iq quition paper pls, ihave 2mr interview thanks
WHAT ARE EQUITY SECURITIES?
what are the customization u have done in sap mm
plz send me hsbs finance questions asked in the interview ans appitude also
Short Answer on ______Transaction
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
Define the word Profit in terms of business
why are you selecting for the profitbulity analysis costing based& active based
Why do you want to work for us?
Expand---------PCDB
