Comparative Analysis
Comparative Analysis – The two methods generally used to calculate depreciation are Straight Line method and Written Down Value method. An organisation can use either
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Comparative Analysis – The two methods generally used to calculate depreciation are Straight Line method and Written Down Value method. An organisation can use either
Effect of any Addition or Extension to Existing Asset Sometimes an existing asset does not function to its full capacity because it requires some additional
Factors Affecting the Amount of Depreciation: The calculation of the amount of depreciation for an accounting period is influenced by the: Actual cost of the
Retiring of the Bill refers to the situation where the drawee upon whom the bill of exchange is drawn settles his account with the drawer
Discounting and Endorsement of the Bill Bill of Exchange: Under the Negotiable Instruments Act 1881, a bill of exchange is defined as a written instrument
Advantages of Bill of Exchange: According to the Section 5 of the Negotiable Instruments Act, 1881, a bill of exchange is an instrument which is
A promissory note is a signed document which contains a written guarantee or a promise to pay a specific amount to a specified individual at
Depreciation refers to the continuous decline in the book value of fixed assets. It does not occur because of any one specific reason but it
Depreciation Depreciation refers to the decline in the book value of fixed assets due to gradual wear and tear, consumption, effluxion of time or obsolescence
One of the main objectives of preparing trial balance is that it helps in searching of errors committed by an accountant while posting entries in
The objectives of preparing a trial balance are: 1. To deduce the arithmetical accuracy of the ledger accounts. 2. To help in detecting errors. 3.
The basic meaning of trial balance is a summary of debit and credit balances of all the ledger accounts maintained by the organization. The major