Causes of Deprecation | Objectives of Providing Depreciation
https://www.youtube.com/watch?v=Y_Gyfdofr24&list=PLuEkoncK3CJer3-gZFw8G1iU4Bx1xpIaz Causes of Deprecation The depreciation may broadly be divided into two:- Internal causes External causes. 1. Internal causes: Depreciation that is a result of certain inherent normal causes is known as internal depreciation. The causes of internal depreciation are: Wear and Tear: The life of an asset reduces due to its continued use as […]
DEPRECIATION ACCOUNTING, FINAL ACCOUNTS AND ELEMENTS OF COST
Meaning of Depreciation Depreciation means the gradual decrease or loss in the value of asset due to its usage, passage of time and normal wear and tear. This gradual decrease in the value of the asset is of permanent nature, which cannot be made good by normal repair and maintenance. Accounting Standards issued by Institute […]
Syllogism Only A Few, Hardly, Most, Few, All A are not B, A are not B Clear all doubts
Watch video for clarification Syllogism all lessons and notes click here Syllogism all lessons and notes click here Syllogism basics of Venn diagram https://unacademy.com/lesson/syllogism-basics-of-venn-diagram-in-hindi/2UPU8P0I Previous year and Expected MCQs on Venn https://unacademy.com/lesson/previous-year-and-expected-mcqs-on-venn-in-hindi/ZR6GI6AS Basics and Rules of Syllogism https://unacademy.com/lesson/basics-and-rules-of-syllogism-in-hindi/48MP8P68 Immediate and Mediate Inferences https://unacademy.com/lesson/immediate-and-mediate-inferences-in-hindi/O4A91E8V Steps of Solve Syllogism with MCQs https://unacademy.com/lesson/steps-of-solve-syllogism-with-mcqs-in-hindi/K7P15ZJ9 Square of Opposition https://unacademy.com/lesson/square-of-opposition-in-hindi/CHFUO19F […]
Bad Debts Recovery | Accounting | NTA UGC NET Paper 2
Bad Debts Recovery As states earlier, when the seller mentions any loss due to bad debt, it is written off by debiting account of Bad Debt and crediting the account of Sundry Debtors. Sometimes the debts determined as bad debts and are not likely to receive is received, such bad debt realised is known as […]
Provision for Discount on Debtors & Provision for Discount on Creditors
Provision for Discount on Debtors In almost all the business there is always an effort to collect our payments from the debtors quickly so in order to promote quick payments from the debtors we offer they discount for all the early payment. Here all those debtors who clear their dues before their due dates are […]
Methods of Accounting | NTA NET JRF Paper 2
Methods of Accounting Basically there are two methods used for recording for bad and doubtful debts. First MethodIn the first method Provision for Bad and Doubtful Debts is created by debiting the Profit and Loss Account. Any bad debts arising in the subsequent years are adjusted against this Provision for Bad and Doubtful Debts. Journal […]
ACCOUNTING FOR BAD DEBTS | Accounting | NTA NET Paper 2
Sundry Debtors The sum total or aggregate of the amounts, which the customers owe to the business for purchasing goods on credit, is known as Sundry Debtors, or Trade Debtors, or Book Debts or simply Debtors. These sundry debtors may again be classified as under: Good Debt: The debts which are sure to be realized […]
Capital Receipt, Revenue Receipts, Capital and Revenue Profits & Capital and Revenue Losses
Capital Receipt A receipt is the inflow of money into the business which indicates the money received by a business enterprise. A receipt of money is considered as capital receipt when a contribution is made by the proprietor, partners or shareholders towards the capital of the business or a contribution of capital by someone outside […]
Difference between Capital Expenditure, Revenue Expenditure and Deferred Revenue Expenditure
Difference between Capital Expenditure and Revenue Expenditure Difference between Capital Expenditure and Deferred Revenue Expenditure click here to download pdf For Next Lesson Click here
CAPITAL AND REVENUE TRANSACTION, ACCOUNTING FOR BAD DEBTS | Accounting | NTA UGC NET JRF Paper2
CAPITAL AND REVENUE TRANSACTION One of the most important objectives of financial accounting is to find out correct amount of profit or loss and to ascertain the financial position of the business enterprise on a particular date. The concepts of capital and revenue are of fundamental importance to the correct determination of accounting profit for […]
