The trial balance is a foundation for preparing a statement of comprehensive income and a statement of financial position at the end of an accounting period. The trial balance is extracted and various year-end adjustments are then made to the accounts after which a statement of comprehensive income and then a statement of financial position can be prepared, using these adjusted balances.Thanks for sharing Valuable Information and it's very helpful. Being Best Top ca Final institute in bangalore One of the Leading Coaching Centres in bangalore for Chartered Accountancy.
Another way of stating straight-line depreciation is to express the annual depreciation charge as a percentage of the cost of the asset. For example, suppose that an asset has an expected life of 10 years and zero residual value. If straight-line depreciation is used, the annual depreciation charge will be 10% of the cost of the asset.Thanks for sharing useful Information for the reasearch and it's very helpful. Being best ca coaching in hyderabad . One of the Leading Coaching Centres in Hyderabad for Chartered Accountancy.
Where depreciation is calculated by multiplying the depreciable amount by a fraction where numerator is the remaining life of the asset at the start of the period and the denominator is the sum of all the years’ useful life at the start of ownership. Thanks for sharing useful Information. Being Best ca course fees in coimbatore . One of the Leading Coaching Centres in Coimbatore for Chartered Accountancy.
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Non-current asset accounts in the general ledger are usually maintained for a category of assets rather than for individual assets. This means that when a noncurrent asset is disposed of, there will be a closing balance to carry forward on the asset account and the accumulated depreciation account. Thanks for sharing useful Information. Being Best KS VIRTUALS - THE DIGITAL WORLD OF KS ACADEMY! | KS Virtuals One of the Leading Coaching Centres in Chennai.
The trial balance is a foundation for preparing a statement of comprehensive income and a statement of financial position at the end of an accounting period. The trial balance is extracted and various year-end adjustments are then made to the accounts after which a statement of comprehensive income and then a statement of financial position can be prepared, using these adjusted balances.Thanks for sharing Valuable Information and it's very helpful. Being Best Top ca Final institute in bangalore One of the Leading Coaching Centres in bangalore for Chartered Accountancy.
ReplyDeleteAnother way of stating straight-line depreciation is to express the annual depreciation charge as a percentage of the cost of the asset. For example, suppose that an asset has an expected life of 10 years and zero residual value. If straight-line depreciation is used, the annual depreciation charge will be 10% of the cost of the asset.Thanks for sharing useful Information for the reasearch and it's very helpful. Being best ca coaching in hyderabad . One of the Leading Coaching Centres in Hyderabad for Chartered Accountancy.
ReplyDeleteWhere depreciation is calculated by multiplying the depreciable amount by a fraction where numerator is the remaining life of the asset at the start of the period and the denominator is the sum of all the years’ useful life at the start of ownership. Thanks for sharing useful Information. Being Best ca course fees in coimbatore . One of the Leading Coaching Centres in Coimbatore for Chartered Accountancy.
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ReplyDeleteNon-current asset accounts in the general ledger are usually maintained for a category of assets rather than for individual assets. This means that when a noncurrent asset is disposed of, there will be a closing balance to carry forward on the asset account and the accumulated depreciation account. Thanks for sharing useful Information. Being Best KS VIRTUALS - THE DIGITAL WORLD OF KS ACADEMY! | KS Virtuals One of the Leading Coaching Centres in Chennai.
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