please anyone solve this problem and help me........
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 09 June 2009
pls find the excel sheet solution attached.............
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 14 June 2009
pls find .xls format file attached.
senthil
(student)
(116 Points)
Replied 16 June 2009
Thanks ashish.. i got the answer but i took investments in investment activity.. can you please explain the depreciation fund calculation..
regards
senthil
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 22 June 2009
SINCE THESE ARE TEMPORARY INVESTMENTS, IT SHOULD COME UNDER CURRENT ASSETS. YOU CAN ALTERNATIVELY TAKE IT UNDER INVESTMENT ACTIVITY, THE RESULT WOULD BE SAME. BUT UNDER INVESTMENT ACTIVITY, LONG TERM INVESTMENTS COME.......
IN DEPRECIATION FUND A/C, THE AMOUNT OF Rs. 8000 is transferred to the machinery account as an accumulated amount of depreciaion on the machinery sold. The opening and closing bal. is given, the balance amount is depreciation for the current yr. consequently the loss of Rs.2000 is tranf. to P & L A/c. The balance of Rs. 7000 is assumed to be that of machinery sold.
jaishree kumari
(student)
(30 Points)
Replied 12 July 2013
Trapti Agrawal
(Student)
(22 Points)
Replied 14 July 2019
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
