-
Transaction for change in Depreciation Method
If a company change its depreciation method from Straight line method to another method than what will be the impact for the difference?
-
Declining Inventory Prices
When inventory prices are declining the, FIFO method will generally yield a gross profit that is:A Less than the LIFO methodB Equal to the average cost methodC The same as that from any other costing methodD Higher than the LIFO method.
-
-
Depreciation
Why depreciation is not charged on land?
-
Periodic and Perpetual method
What is the difference between the periodic and perpetual method, How will you record it your book?
-
Cash Flow
Where do you put non current lease payment on a statement of cash flow?
-
Contributioin Margin
What is contribution margin and how it is calculated?
-
Liabilities are on left side and Assets on right side in Balance Sheet
Why always Liabilities are on left side and Assets on right side in Balance Sheet?
-
Trail Balance preparation
Why do we prepare Trail Balance?
-
Comprehensive Income
What is the meaning of Comprehensive Income