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Why different methods of depreciation is used
Accountancy
answered on 03-Aug-22 15:28
Why different methods of depreciation is used ??
latest answer
Depreciation reflects the consumption pattern of a depreciable asset. Each asset may have a different pattern and hence different methods. For e.g. Mobile usage and depreciation would be different from that of a Fridge.
Atharv Sankliya
CA Final
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4
347
Depreciation
Accountancy
answered on 02-Aug-22 22:33
Why is provision of depreciation account opened?
latest answer
Many companies want to show their assets at book value . They create a provision for depreciation instead of reducing it from the asset.
Jensy Devadhas
CA Foundation
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3
323
AS 2 valuation of inventories
Accountancy
answered on 02-Aug-22 17:07
Please explain this illustration problem of accounting standard 2 I need solution please my dear friends
latest answer
Thank you so much my dear friend..
MPR Sanjay Kumar
CA Inter
★ 530
2
374
AS-2
Accountancy
answered on 02-Aug-22 09:36
Need explanation with example This standard does not apply to Work in progress arising in the ordinary course of business of service provider
latest answer
AS-2 doesn't apply to the Work in Progress (WIP)means service which are partially provided during the end of the financial year
Nikita Rajpurohit
CA Inter
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2
305
#1 Inter: Question of the day (Group 1)
Accountancy
answered on 03-Aug-22 16:57
Answer till 5pm. Let's see how many get it right. Nalanda University has received the following Grants during a year â?? (a) From Ministry of Human Resources to be used for AIDS Research â?? Rs 45, 00,000, which includes Rs 3, 00,000 to cover Indirect Expenses incurred in administering the Grant. (b) From a Reputed Trust to be used to set up a Centre to conduct seminars on AIDS related matters from time to time â??Rs 35, 00,000. (c) Donations from a wellâ??wisher â?? Rs 5, 00,000 worth of equipments to be used for AIDS Research. During the year, the University spent Rs 32, 25,000 of the Government Grant and incurred Rs 3,00,000 as Overhead Expenses. Rs 28, 00,000 were spent from the Grant received from the Trust. Show the necessary Journal Entries.
latest answer
Tq sir
Sahibdeep Singh
CA Inter
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13
1K+
Buyback illu 5
Accountancy
answered on 01-Aug-22 10:50
Please tell me where am I going wrong.I just applied the concepts but the answer coming out is not correct.
latest answer
It is not a free reserve. So you need to reduce from free reserves.
Gauri Shete
CA Final
★ 4K+
7
389
Feeling demotivated but, I will not give up!!
Accountancy
answered on 01-Aug-22 19:20
Hey guys, I hope you all are going well. Actually as the days are passing, I think my fear is increasing regarding exams. It's not about getting fail or skipping the attempt. But the fear not to score good marks. I have appeared for 2 mock test for accountancy and cost and received 45 and 52 marks. This makes me afraid that after putting substantial time, the efforts are still not in my favour. I didn't mean to demotivate you in any way, but just to share my thoughts and hear about you. I know this time is tough, but I heard someone saying, "tough time creates tough people". I wont be giving up on anything. Instead, I will do hardwork. Thanks for Reading. Please share you thought too.
latest answer
Yeah I"ll keep practicing. How's your preparation going
Naman trivedi
CFA L1
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8
462
Rectification of errors
Accountancy
answered on 31-Jul-22 12:02
This question and solution is from icai module.....I need explanation that how drawings account is taken
latest answer
Purchase of motor cycle is for own use.So,debit drawings A/C.Credit miscellaneous a/c since it has been debited wrongly .Give the opposite effect
Priyamvatha Parthasarathy
CA Foundation
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10
374
Rectification of errors
Accountancy
answered on 30-Jul-22 20:13
Mention wrong ,correct,rectified entry for the 3rd sum
latest answer
Thanks a lott
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
6
524
Esop
Accountancy
answered on 30-Jul-22 21:13
In question 3) the grant and exercise of option Is I 2 different years Grant for year ended 31.3.x1 and exercise 31.3 .2 Total of 15 months though in solution the employee cost written of in 1 year (12monts) why?
latest answer
Counted from grant date
Gauri Shete
CA Final
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5
332