Answered Questions

  • What are the various items fall in balance sheet

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    baubisingh  

    • Member Since Nov-2010 | Nov 15th, 2010


    (A)asset side items are
    1 cash in hand
    2.cash at bank
    3.debtor
    4.land ,building
    5.prepaid expenses
    6. bills receivable

    (B)liability side
    1.capital
    2.bank over draft
    3.creditor
    4.outstanding expenses
    5.bills payable

    Satyanarayana raju

    • Jun 14th, 2015

    Liabilities side:
    Capital
    Loans availed
    Current liabilities
    Duties and taxes
    Provisions
    Sundry Creditors
    Assets side
    Fixed assets
    Current assets
    investments
    stock on hand
    Cash and bank balances
    Deposits
    Loans and Advances (Asset)
    Miscellaneous expenses(Asset)

    Anil sharma

    • Apr 9th, 2015

    Asset side :
    fixed assets
    current asset and loan in advance
    investment
    misclinious exp.
    p&l if debit bal.

    Liability :
    share capital
    reserve and surplus
    secured loan
    unsecured loan
    c.l and provision

  • how many methods are used to calculate depreciation

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    kordar  

    • Member Since Jun-2008 | Jun 18th, 2008


    3 popular types

    1st straightline

    2nd declining balance

    3rd Sum-of-Years' Digits Method

    Abhishek

    • Jul 15th, 2015

    1. Straightline depreciation
    2. Reducing balance depreciation
    3. Sum of the year digits depreciation
    4. Units of activity depreciation

    Dhananjay

    • Nov 12th, 2011

    There are two types of method to calculate depreciation 1) Straight line method and 2) Reducing line method