Under the assets side what types of items appear
Under the assets side what types of items appear?
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Fixed Assets:
- Building - Land - Machinery - Furniture - Vehicles - Computers Current Assets:
- Sundry Debtors -Stock - Bank Balance - Cash Balance - Prepaid Expenses
Give brief introduction of Bedaux Point System of premium payment?
Briefly describe the two elements of financial performance in IASB Framework (2010).
What do you understand by the term accounting rate of return?
Briefly describe revaluation method to calculate depreciation?
Briefly describe the term capital expenditures? Is it okay to consider such expenditures while evaluating the profitability of throughout a certain period?
Give a brief introduction of the term Deferred Revenue Expenditure?
Briefly describe the term Material Cost?
According to Income Tax Act, 1961what technique of depreciation calculation is employed to evaluate the tax liability?
Describe distinguish between the term Financial Accounting and Management Accounting?
Give a brief explanation of the term accounting standard.
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