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Category: 11 ACCOUNTANCY

RESERVES ACCOUNTING

Posted on April 12, 2019 By commerceiets No Comments on RESERVES ACCOUNTING
RESERVES ACCOUNTING

RESERVES ACCOUNTING It refers to the amount set aside out of profits of the business to strengthen its financial position or to meet future contingencies or losses. Reserves Accounting aims to provide the firm with sufficient finance to safeguard itself for upcoming adverse situations. Usually the firm does not distribute the whole amount of profits….

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11 ACCOUNTANCY, FINANCIAL ACCOUNTING

DEPRECIATION ACCOUNTING

Posted on April 11, 2019 By commerceiets No Comments on DEPRECIATION ACCOUNTING
DEPRECIATION ACCOUNTING

DEPRECIATION ACCOUNTING Depreciation denotes the decrease in the book value of the fixed assets. It is the permanent and gradual decrease in the value of fixed assets. It is due to use, effluxion of time, obsolescence, expiration of legal rights or any other cause. Depreciation Accounting is done to provide the assets at true value…

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11 ACCOUNTANCY, FINANCIAL ACCOUNTING

DEPRECIATION

Posted on April 11, 2019 By commerceiets No Comments on DEPRECIATION
DEPRECIATION

Depreciation is the permanent and gradual decrease in the value of fixed asset due to use, effluxion of time, obsolescence, expiration of legal rights etc.

11 ACCOUNTANCY, FINANCIAL ACCOUNTING

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