• We need your support!

    We are currently struggling to cover the operational costs of Xtremepapers, as a result we might have to shut this website down. Please donate if we have helped you and help make a difference in other students' lives!
    Click here to Donate Now (View Announcement)

Search results

  1. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    opening accumulated depreciation is 200 but when u will find out dep. for this year i-e 100 then it will become 200 + 100 = 300 & in SOFP u have to subtract this 300(closing accumulated dep.) from Cost of vehicle... Hope i answer ur question :-)
  2. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    as we know that in reducing balance method dep. charge is on NBV & to get a NBV we will subtract A.dep from Cost of An Asset. In this particular scenario cost is 700 and A.dep is 200 before charging this year dep. so NBV is 700 - 200 = 500 now simple formula: NBV * rate of dep. = Dep. charge...
  3. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

  4. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    Goodwill for titus = 15000 (20,000+10,000=30,000 but value of business is 45,000 so goodwill 15,000) Goodwill for Ronicus = 2900 (5000+6000+14000+4700-2600= 27100 but value of business is 30,000 so goodwill is 2900) this is only calculation of goodwill, to write off, use new sharing i-e 45000...
  5. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

  6. azaanahsan

    BS ECONOMICS ACCOUNTS DOUBTS

    If u want to understand dep. in detail first, u should understand revenue and capital expenditures. Revenue expenditures are expenditures within an accounting period and are written off in Income Statement ( Statement of Financial Performance ) whereas Capital expenditure are for more than one...
  7. azaanahsan

    Economics, Accounting & Business: Post your doubts here!

    there is no mistake in question.... make sure ur workings are correct....for example tax paid when calculated will be 17500000(17.5), may be u have written 175000000(175). u can ask again if any doubt.... :-)
  8. azaanahsan

    Bank Reconciliation statement for IGCSE

    Presentation for BRS. Hope it will be useful:
  9. azaanahsan

    Account tutor

    U can ask ur queries related to accounts.....
  10. azaanahsan

    Bank Reconciliation statement

    A presentation on BRS
View older results
Top