Answer Posted / deepak choudhary
it means those expenditure which are incurred for purchasing an asset including those charges which are incured while purchasing such asset but not as important as the purchase of that asset for eg:- installation charges..the main reason of such expenditure is that this expenditure increases the revenue earning capacity of business..this expenditure is debited in the asset account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
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).
Tell me which accounting application you prefer most and why?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
What's the accounting entry when an Invoice is created in AR?
Do you know executive accounting?
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
journal entry for prepaid insurance and salary outstanding
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
What is the difference between General Ledger and Ledger?
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
What is accounting period?
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Explain what is involved in the process of double-entry accounting?
Sir how the enter of GST adjust of sales return
