What the Journal entry for Amortization

Answer Posted / babhu kanchupalli

1.Amortization a/c Dr
To. Intangible asset a/c
(Being amortization made)

2.Profit&Loss a/c Dr
To Amortization a/c
(Being amortization tranfered to P&L a/c)

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is 'smart card'?

632


What do you understand by mobile banking?

683


How often you visit different places? Are you comfortable in relocation?

638


What does 'R' in BRIC stand for?

636


how financial and instututional development affects financing of large and small firms? Are the financing patterns of small firms different from those of the large firms?

1700






what are debentures? What are their features?

590


What is cashier's cheque?

709


Can anyone please send me solution document for US payroll . My mail id is rishisharma29@rediffmail.com. Thanks

2071


What is capitalization and also explain its importance?

604


hiiiii Respected sir/madam gd morning sir/Madam Can you please give me following questions of answer.? 1) what is the main difference between Current Assests and Fixed Assests? 2) working capital Management? why? which steps requried for working capital management at the statring day of the any type of business? 3) Ratio analysis? why? (Note: 1,on the above questions of answer the following points are exculded) 1) object 2) theory 3) features (Note :2,on the aove questions of answer the follwing points are inculded) 1) Practical oriented 2) aspects of business please reply..................

1712


What is typically higher the cost of debt or the cost of equity?

542


A system of 'fiat money' is being used in india. What is that?

595


I am studing in MEB(MBA+IT), In our course there is no specialation and I want to go in finance, in june-july i am going to do intersip program so what would i do to make arrengement for my summer training

2049


What do you know about Bank assurance?

651


What Is Inter-bank Deposit?

670