Latest Answer : Transactions that take place after the closure of financial books, but before placing it in AGM. ...
What is purchasing order?What is vendor?What is sarbanes-oxley act?what is debit and credit note?What is basic accounting principles?what is dual aspect concept?what is depreciation? and how many types and details?what is cash flow and funds flow?what is capital gain?
M men agreed to purchase a gift for $D. If 3men drop out, how much more will each have to contribute toward the purchase of the gift
Which items belong in income statement and do not belong in balance sheet statement
Latest Answer : examples of a income statement and balance sheet ...
Why depreciation is not charged on land?
Latest Answer : Depreciation is not charged on land because you cannot estimate the useful life of land. The value of land does not deteriorate with time like equipment,machinery and buildings. ...
If a company change its depreciation method from Straight line method to another method than what will be the impact for the difference?
Latest Answer : No Journal entry is needed. You just use the method that you changed to. ...
What is the treatment of Depreciation on Gift Items?
If an asset is purchased and the same is not used for the financial year, should the company charge the depreciation and the reason for the same
What are the advantages and disadvantages of the following methods of depreciation?1. Straight line method2. Reducing balance method3. Revaluation method4. Usage method5. Sum of digits method