Under machine hour rate of depreciation, the depreciation is calculated based on the number of hours machinery is used throughout its

Annuity Method of Depreciation: The amount of depreciation is determined from the annuity tables. Depreciation under Annuity Method is usually adopted for

Under Sinking Fund Method of Depreciation, the money is usually set aside in a fund called sinking fund or depreciation fund. The equivalent money is then inves

DEPRECIATION MEANING Depreciation is a charge made to the income of a company on yearly basis for use of a particular asset. It is the cost of an asset distribu

Two of very few things, a CA student would easily identify and define during the student days are the Contingent Assets and Contingent Liabilities. This is because, it is pretty straight forward and does not require you to squeeze your brain to get an answer. At the sa...

CAPITAL EXPENDITURE

Capital Expenditures are major expenditures incurred for acquisition of asset. Let's say something significant. These kind of expenditures generally improves the performance of an asset to an all new level. Capital expenditure generates lasting benef...

Get to know all the essential accounting concepts which forms the basis of accounting. An accountant is expected to know these concepts and apply them while accounting.

Learn what is Book Keeping and how it is different or similar to Accounting with illustrations and examples.

WHAT IS ACCOUNTING? According to AICPA, Accounting is the art of recording, classifying and summarizing in significant manner

Accounting for Government Grants in the Nature of Promoter's Contribution