Depreciation is present in Trial balance this means already a journal has been passed related to depreciation and has been posted in ledger. Now depreciation being a nominal account needs to be transferred to P&L account.
Which of the following is/are examples of capital expenditure?
According to IND AS 115, when can revenue be recognized?
At the end of the accounting year, all the nominal accounts of the ledger book are:
As per the Union Budget 2024-25, the Long-Term Capital Gains (LTCG) tax rate under sections 112A and 112 has been revised to _____
Which of the following appears under the heading 'Reserves & Surplus' in the balance sheet?
Mr. Bhandari purchased a car for 50,000, making a down payment of 10,000 and signing a *40,000 bill payable due in 60 days. As a result of this transact...
Renting of immovable property is
A service shall be a continuous supply of service agreed to he provided continuously or on recurrent basis under a contract when the period of service e...
In accordance with Ind AS 2, explain how the item should be measured:
One of Company's product lines is beauty products, particularly cosmetics s...
The rule for nominal accounts is
