Latest Answer: At the time of additionAssets NA account -------drTo asset clearing account ----CRAt the time of retirementthe nbv amount has been moved to the gain & loss account.In sale case we need to pass a journal entry to transfer the amount from gain & ...
Latest Answer: ficticius assets are those assets which are not write off at once and which are not treated as fixed assets like Deffered revenue Expenditure. ...
in straight line method the amount to be depreciated remains constant where as in written down method the amount to be depreciated decreases by each passing year
Latest Answer: In Revaluation Method,the amount of depreciation at the end will be deducted from the beginning Eg. Bottles,Tools.....In sinking fund method, the amount of depreciation will be invested outside the business & this will be used for Replacement of Asstes,Buying ...
After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation of that asset
1) what is fectitious assets?2) what is ment by cash book and day book and general leder?3)employee salary deductions under section of the income tax act of india?
Latest Answer: there are 6 type of calculating the depreciation. namely1) Straight Line Method,2) Written Down Method,3) Annuity Method,4) Sinking Method,5) Machine Hour Method,6) Production Unit Method. ...
Latest Answer: Fixed asset means it gives long term benefits to the organisation by year end we should find the accurate value of the asset for this purpose we must calculate the depreciation. ...
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