rohan., Accounting Standards

Assignment Help:
A firm of manufactures, whose books are closed on 31st December, purchased machinery for Rs.50,000 on 15 January, 2010. Additional Machinery was acquired for Rs.10,000 on 1st July, 2010 and for Rs.16,466 on 14th April, 2012. (20)

Give the Machinery Account for five years writing off depreciation by:
(i) Diminishing balance method @ 10% p.a.
(ii) Straight line method

Related Discussions:- rohan.

The book of Deven Verma could not be tallied. The ac, The book of Deven Ver...

The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were found la

Difference between trading and profit and loss account, 1. Trading account ...

1. Trading account is prepared so as to calculate gross profit or loss, whereas the function of the profit and loss account is to disclose net profit or loss. 2. Trading account

Gaap and ifrs, how much does a paper costs regarding differences and simili...

how much does a paper costs regarding differences and similiarities of gaap and ifrs for 4 companies

Wise Owls, Wise Owls, an NFPO, began operations at the beginning of 20X1 to...

Wise Owls, an NFPO, began operations at the beginning of 20X1 to provide free tutoring and homework assistance, as well as a nutrition program, to low-income immigrant children. T

Net purchases, These comprise goods purchased only for production and selli...

These comprise goods purchased only for production and selling purposes. Goods utilized as assets and not for sale are not comprised in this head. Net purchase is the dissimilarity

Accounting policy , As of 2005, consolidated financial statements of listed...

As of 2005, consolidated financial statements of listed companies in the European Union are required to be prepared in accordance with IFRSs. Complete the following accounting p

Accounting principles, Accounting like a field of study in its developmenta...

Accounting like a field of study in its developmental process has evolved a theoretical framework consisting of concepts or principles over period of time. Such concepts enjoy a wi

Human resource accounting, QUESTION The recognition of human capital by...

QUESTION The recognition of human capital by modern businesses has led to the development of Human Resource Accounting (HRA) Required- (a) Explain the following terms-

Explain the meaning of social accounting, QUESTION Social accounting is...

QUESTION Social accounting is a way of measuring and reporting on an organisation's social and ethical performance. It is principally concerned with offering a complementary fo

Explain accounting structure, Q. Explain accounting structure? The acco...

Q. Explain accounting structure? The accounting structure of a profit seeking business is an information system designed to provide relevant financial information on the resour

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd