Question
1. What is meant by long term Asset.(2.5 marks) 2. Give Any two examples of long term assets.(2.5 marks) 3. On 1st of April 2000,
1. What is meant by long term Asset.(2.5 marks) 2. Give Any two examples of long term assets.(2.5 marks) 3. On 1st of April 2000, Sonu Ltd. Purchased a machinery for 3,90,000 on which they spent 10,000 for installation charges. The company charges depreciation @10% per year. On straight line method. Accounts are closed on 31st March every year. Show the machinery account for 3years. (5 marks) (Marking: 2.5 mark on each short questions and 5 marks on calculation)
Subject: (Financial accounting)
BSBI422 Financial Accounting COURSE TITLE TIME DAYS ROOM DATE ID NO. Depreciation Question: 1. What is meant by long term Asset.(2.5 marks) 2. Give Any two examples of long term assets.(2.5 marks) 3. On 1st of April 2000, Sonu Ltd. Purchased a machinery for 3,90,000 on which they spent 10,000 for installation charges. The company charges depreciation @10% per year. On straight line method. Accounts are closed on 31st March every year. Show the machinery account for 3years. (5 marks) (Marking: 2.5 mark on each short questions and 5 marks on calculation)
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Auditing An International Approach
Authors: Wally Smieliauskas, Amy Kwan, Kathleen Cogliano, Catherine Barrette
8th Canadian Edition
1259451275, 978-1259451270
