Treatment in accounts, Accounting Basics

Assume in Balance sheet Furniture is given @ rs.1200000. and an adjustment tells that half of the building is used for residential purpose... then what is treatment in accounts?

Ans) only 600000 worth of building is used for office purposeso only 600000 will be displaying in the balance sheet as the building used for residential reason will not be given as it is personal

 

 

Posted Date: 3/30/2013 3:16:39 AM | Location : United States







Related Discussions:- Treatment in accounts, Assignment Help, Ask Question on Treatment in accounts, Get Answer, Expert's Help, Treatment in accounts Discussions

Write discussion on Treatment in accounts
Your posts are moderated
Related Questions
TDS (tax deducted at sources) .The person whereas making payments of income,covered by the scheme are responsible to deducted TDS and deposite the similar in goverment treasury  wi

How to do a trial Balance                     Particulars                            Amount Dr.                       Amount Cr. In

data dictionary

Q. Describe about post-closing trial balance? A post-closing trial balance is trial balances taken subsequent to the closing entries have been posted. The only accounts that mu

Q. Introduction to inventories? Subsequent to studying this chapter you should be able to - Record the journal entries for sales transactions involving merchandise. - Exp

example of increase asset, decrease owner equity

What is the latest change taking place in the accounting world that will make a big difference to the way accountants prepare accounts?

Explain about the RECORDING PURCHASES Source document for recording a purchase of merchandise is purchase invoice. o An instance of a transaction of purchasing merchandise

Balance Sheet A balance sheet is a statement for presenting an organization financial position at a particular date, mostly at the end of an accounting period; also calle

The assets and liabilities of Amos Moving Services at May 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below.  On April 1, 2010, the