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01 September 2011
what is the meaning of amortization with example and jounral entry also........how is different from dep.......what is the capitalization with example and jounral entry also?
02 September 2011
Amortisation is for non tangible asset like depreciation for tangible asset
entry is same like depreciation
Dr: Amortisation
Cr: Asset a/c
Capitalization is just debit the fixed asset or capital asset which is useful more then 1 financial year
entry is same like depreciation
Dr: Amortisation
Cr: Asset a/c
Capitalization is just debit the fixed asset or capital asset which is useful more then 1 financial year
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