Answer Posted / tapan kumar roy
The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.
Depreciation is the Profit & Loss item on the otherhand Accumulated depreciation is the Balance Sheet item.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Productive Investment is Working Capital. Is it correct?
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
SHADOW BALANCE SHEET
Do you know compound journal entry?
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
How do you classify errors in accounting?
is we can prepare any account for partnership in tally
what is a corporate chart of accounts and its purpose?
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
What are the disadvantages of double entry system?
What is accounting transaction?
What are the uses of journal in accounting?
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.