Introduction of the term depreciation
Provide a brief introduction of the term depreciation? Write down the causes of depreciation?
Expert
Depreciation is an everlasting, steady and continuous diminution in the book value of the fixed asset. Except Land all the fixed assets such as Machinery, Car, Furniture and so forth depreciates in value making the asset useless subsequent to the end of a certain time. Subsequent are the reasons of Depreciation:
i) Wear and Tear because of regular employe of the asset.
ii) Deterioration takes place with the passage of time, whether the asset is in employ or not.
iii) Damages done to the assets due to a disaster like mishandling, fire and so on.
iv) Reduction of Asset.
v) Obsolescence that is, because of latest technology in employ, latest inventions, innovations and so on.
Briefly describe the term capital expenditures? Is it okay to consider such expenditures while evaluating the profitability of throughout a certain period?
Write down a brief contrast on the term Cost Accounting and Management Accounting?
Define invoice discrepancy you discovered and how you resolved it.
For a company to utilize funds what is the minimum subscription required?
What is the procedure to secure the investments? Describe briefly the daily flow of work?
Give a brief introduction of the term ‘valuation of receipts’?
Make a distinction between Stores Ledger and Bin Card?
Briefly describe the term Net Profit?
Write down the restrictions of Marginal Costing?
Write down the merits and risks related with Secured premium notes?
18,76,764
1926114 Asked
3,689
Active Tutors
1432595
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!