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Hi all,

To my understanding, depreciation expense is always DR, and accumulated depreciation is CR, right? However, I am quite confused on whether does an accumulated depreciation becomes DR? Or...

Hello everyone, currently new to this site and desperately need some help with the following, any input would be greatly appreciated.

Basically, I have come up with the cash flow, but somehow, my...

should I use net income or net profit before taxes for the cash flow statement? How to determine?

what does this means? How shld I input the following into cashflow statement:

Fixed and...

Hi guys, need help in checking on whether my cashflow statement is correct based on the following income statement & balance sheet? If not, where went wrong?


income statement...

Hi all, need help in clearing my doubts on some of the following accounting concepts:

q1)
Why an investor would be interested in analyzing the cash flow statement ?

q2)
Some investors does...

Hi Cptforest, FRS is financial reporting standard, is any particular FRS for non depreciation?
Actually the non depreciation is for the land or buildings OR for both?

Hi all,

Been pondering over this for a long time, but still don't get it why

1)Why many hotels, banks and building societies that have large property portfolios are known to resist the...

Is my answer correct??

Hi all,

Let's say if my company began 1 Jan 2006 with 200,000 shares of $1 par value common
stock outstanding. The stockholders equity is as follows:

Stockholders equity
Capital stock:...

Hi all,

got a few qtns that's cracking my brains:

q1) does the cost of an asset include down payment?

q2) For e.g.. On 1st Jan 2005, the cost of a van is $44,168. It has a useful life of 7...

Hi people,

Need some help on the following terms, have tried googled it, but still not really able to understand the whole meaning on most of the articles read

1)

What is meant by an...

Hi guys, I have been doing an online quiz, but I am not sure whether I am on the right track before I move on to doing the adjusted trial balance. Can you guys tell me whether my journal entries are...