![]() Related Questions 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? Read Answers (2) | Asked by : CHANDRA SEKHAR Depreciation is the decrease in the value of an asset due to wear & tear, obsolscense, laps of time. Latest Answer : Depreciation is a Gradual Diminishing or Decrease in the value of fixed assets due wear & tear, Obsolence. ... Read Answers (1) | Asked by : rama krishna What is meaning General Reserve?What is the role of General Reserve in Company & What time this is used and for What perpose? Read Answers (1) | Asked by : Parkar munawar Ismail Latest Answer : Secured loans refers to money borrowed from finacial institutions and secured by way of a collateral to act as the security of the loan. Unsecured loand is not secured by colateral. ... Read Answers (2) | Asked by : Parkar Munawar Isamil what is the current rate(%) of PF and ESI in private ltd. companyI have needed for my Current JobThanks & rgds.Rajesh Latest Answer : PF Contribution Rate : 12 % by employee & 12 % by Company on BASIC SALARY + DA + HRAESI Contribution Rate : 1.75% by Employee & 4.75 % by Company on BASIC SALARY + DA + HRA ... Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation Latest Answer : Car:Tangible20,000 Accounting Software:Intangible6,000 To account payable26,000 Audit Fees3,000 To account payable3,000 DereciationDereciation:Car1,000 Amortization:Software1,000 To Accumulated Depreciation2,000 ... A company has current assets of $3 million. The company's current ratio is 1.5 and it's quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the company's Latest Answer : current asset is $3billion so, current ratio = current assset current liabilities1.5 = 3 / current liabilities current liabilities 1.5 = 3hence current liabilties is $2 billion Now, quick ratio = quick asset / current liabilities1.0 = quick ... Can Loading, Unloading and Installation Charges during the time of shifting of the company be capitalised?
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