Basics
Depreciation Fund Method
Business assets become useless at the expiry of their life and therefore, need replacement. However, all the methods…
August 16, 2021 · Boomi NathanAuthor: Boomi Nathan
J. BoomiNathan is a writer at SenseCentral who specializes in making tech easy to understand. He covers mobile apps, software, troubleshooting, and step-by-step tutorials designed for real people—not just experts. His articles blend clear explanations with practical tips so readers can solve problems faster and make smarter digital choices. He enjoys breaking down complicated tools into simple, usable steps.
Basics
Annuity Method
Sofar we have described such methods of charging depreciation which ignore the interest factor. Also, sometimes it becomes…
August 16, 2021 · Boomi NathanBasics
Methods Of Calculating Depreciation
The following are various methods of depreciation in use: 1. Fixed instalment method or straight-line method. 2. Machine…
August 16, 2021 · Boomi NathanBasics
Causes Of Depreciation
The depreciation occurs because of the following: 1. Constant use: The constant use of assets results into their…
August 16, 2021 · Boomi NathanBasics
Accounting For Depreciation
Introduction The term depreciation refers to the reduction in or loss of quality or value of a fixed…
August 16, 2021 · Boomi NathanBasics
Valuation Of Inventory For Balance Sheet Purpose
In certain cases, it is not possible for the business to take inventory on the date of balance…
August 16, 2021 · Boomi NathanBasics
Methods Of Valuation Of Inventories
The basic methods of valuation of inventories are as follows: (a) Historical cost-based method (b) Sale price-based method…
August 16, 2021 · Boomi NathanBasics
Inventory Valuation Methods
Introduction The literary meaning of the word inventory is stock of goods. To the finance manager, inventory connotes…
August 16, 2021 · Boomi NathanBasics
Conversion Method
We have seen under the net worth method in the preceding explanation that the method does not give…
August 16, 2021 · Boomi NathanBasics
Calculation Of Profit Or Loss
In case of a business maintaining accounts according to single entry system, profit (or loss) made during the…
August 16, 2021 · Boomi Nathan