smburu

 Profile Answers by smburu Questions by smburu

• Feb 18th, 2009

Secured loans refers to money borrowed from finacial institutions and secured by way of a collateral to act as the security of the loan. Unsecured loand is not secured by colateral.

hifi55

 Profile Answers by hifi55 Questions by hifi55

• Jan 11th, 2009

Secured loans are those which are borrowed from banks and other financial services, which are genrally huge amounts.Unsecured loans are small amounts borrowed from unorganised instituion. Exapmle: Money?borrowed from any person or a relative, where you can get the money without any security.

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mahesh.kochi

 Profile Answers by mahesh.kochi Questions by mahesh.kochi

• Jan 19th, 2009

Fictitious assets means any expendicture, the benefits which will be spread over a period of time not only to the current period. Any expendicture we made for huge advertisements resulted for a period of time. hence its is classifying as fictitious asset.

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A company has current assets of $3 million. The company's current ratio is 1.5 and it's quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the company's current assets is represented by inventory?

vivek bond

 Profile Answers by vivek bond Questions by vivek bond

• Dec 6th, 2008

current asset is $3billion so, current ratio = current assset current liabilities1.5 = 3 / current liabilities  current liabilities 1.5 = 3hence current liabilties is $2 billion Now, quick ...

joe fagan

 Profile Answers by joe fagan Questions by joe fagan

• Oct 29th, 2008

A company has current assets of $3 million. The company's current ratio is 1.5 and it's quick ratio is 1.0. What amount of current liabilities does the company have? What amount of the company...

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Company purchase one car on 01/01/2008, one new accounting package, and paid audit service charges. The cost of car is 20,000.00, accounting software is 6000.00 and audit fee is 3000.00 estimated depreciation is for tangible assets is 10 years and for intangible is 3 years. Pass the correspondence Book entry

vishu.143

 Profile Answers by vishu.143 Questions by vishu.143

• Oct 20th, 2008

Car:Tangible20,000 Accounting Software:Intangible6,000 To account payable26,000 Audit Fees3,000 To account payable3,000 DereciationDereciation:Car1,000 Amortization:Software1,000 To Accumulated Depreciation2,000

gopaltripathi

 Profile Answers by gopaltripathi Questions by gopaltripathi

• Jul 16th, 2008

If asset is not put to use more than 180 days then 50%depriciation provided

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rexwin007

 Profile Answers by rexwin007 Questions by rexwin007

• Oct 19th, 2008

The depriciation which is calculated on a particular asset till the present period.

ketavarapu

 Profile Answers by ketavarapu Questions by ketavarapu

• Nov 30th, 2007

The total amount of depreciation accumulated over the years from the date the asset was put to use to till date

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How can we made calculation of Fixed Assets?

Venugopalnair_s

 Profile Answers by Venugopalnair_s Questions by Venugopalnair_s

• Jun 25th, 2008

Could you please elaborate the question..I think your question is regarding depreciation calculation.

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Ghbhatti

 Profile Answers by Ghbhatti Questions by Ghbhatti

• Jun 5th, 2008

Book depriciation is that which we follow the method or book the depriciation. And derived depriciation is that which is already held the method or derived the rate of method of depriciation.

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sridhar333

 Profile Answers by sridhar333 Questions by sridhar333

• Mar 6th, 2008

General reserve: it is an appropriation of profit role: general reserve is created in-order to meet the future known and un-known liabilities....

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Depreciation is the decrease in the value of an asset due to wear & tear, obsolscense, laps of time.

shweta meravi

 Profile Answers by shweta meravi Questions by shweta meravi

• Dec 10th, 2007

Depreciation is a Gradual Diminishing or Decrease in the value of fixed assets  due wear & tear, Obsolence.

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Example, building an expansion of building , but need to rental an equipment to complete this project.

ketavarapu

 Profile Answers by ketavarapu Questions by ketavarapu

• Dec 7th, 2007

Yes, as it will be added to the cost of the project

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yusuf

• Nov 9th, 2007

Fixed asset means it gives long term benefits to the organisation by year end we should find the accurate value of the asset for this purpose we must calculate the depreciation.

A K Sharma

• Aug 13th, 2006

Recording fixed assets,its disposal etc.

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In straight line method the amount to be depreciated remains constant where as in written down method the amount to be depreciated decreases by each passing year

vaishnavi

• Aug 24th, 2007

In Revaluation Method,the amount of depreciation at the end will be deducted from the beginning Eg. Bottles,Tools.....In sinking fund method, the amount of depreciation will be invested outside the business & this will be used for Replacement of Asstes,Buying a new assets. 

chowdary.thakkella

• Dec 8th, 2006

depreciation types are slm: stright line methodwdv: writendown value methoddimenishing value methoud

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syed ishaq

• Oct 16th, 2007

There are 6 type of calculating the depreciation. namely1) Straight Line Method,2) Written Down Method,3) Annuity Method,4) Sinking? Method,5) Machine Hour Method,6) Production Unit Method.

t_dheerajsingh

 Profile Answers by t_dheerajsingh Questions by t_dheerajsingh

• Feb 16th, 2007

The following are the various means of calculating depreciation in Oracle Assetsa. Flat Rateb. Table Basedc. Calculated Methodd. Production Basede. Formula Based

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C.A Vikas & Seemant & co.

• Aug 27th, 2007

Ficticius assets are those assets which are not write off at once and which are not treated as fixed assets like Deffered revenue Expenditure.

sreevani

• Dec 14th, 2006

Ficticious assests are those assests which are not invisible in nature but they are value is enjoyed. ex such as goodwill,copyrigths,patents,revenueexp suchas advertisments etc.

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Ragini Tiwari

• Mar 27th, 2007

Asset Accounting component in SAP is meant for managing and supervising fixed assets and their values.

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Ragini tiwari

• Mar 19th, 2007

Following are the steps:1.First activate the Dep areas(book & tax) in asset class.2.Assigng Dep key to Dep Areas either at Asset class level or Asset master data level.3.Assign Screen layout to de...

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TEJINDER KHATKAR

• Aug 20th, 2006

Fictitious assets are not actually assets, but are expeditures which cannot be assumed to be of a particular period, hence cannot be trf to P&L Account of one year. Rather these items are shown in...

T.Prasad

• Aug 10th, 2006

Hi,Fictitious Assets :These are the assets which can not be seen, but exist in the business.ex: Goodwill, patents, etcCash Book: It is one of the Subsidiary Book which is generally used by any busine...

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tajuddin

• May 7th, 2006

if u forgot depreciation we have to follow the preliminary principal of the depreciation. That is           value of asset/life time of asset*100.

GCi

• Oct 28th, 2005

You can repet the Deprication run procedure by selecting the Repeat run option ---- BY GCI

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