Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Deepak Koli 5 years, 9 months ago
- 1 answers
Posted by Kaira Chauhan 5 years, 9 months ago
- 2 answers
Chirayu Garg 5 years, 9 months ago
Posted by Azra Khan 5 years, 9 months ago
- 1 answers
Kaira Chauhan 5 years, 9 months ago
Posted by Natasha Jain 5 years, 10 months ago
- 1 answers
Posted by Prince Pal Princ Pal 5 years, 10 months ago
- 4 answers
Posted by Sheikh Faiz 5 years, 10 months ago
- 1 answers
Avir Mishra 5 years, 10 months ago
Posted by Ishika Verma 5 years, 10 months ago
- 1 answers
Posted by Ishika Verma 5 years, 10 months ago
- 4 answers
Posted by Ishika Verma 5 years, 10 months ago
- 1 answers
Posted by Ishika Verma 5 years, 10 months ago
- 0 answers
Posted by Ishika Verma 5 years, 10 months ago
- 2 answers
Posted by Sunita Sharma 5 years, 10 months ago
- 1 answers
Incredible Suri 5 years, 10 months ago
Posted by S. Dutta Videos 5 years, 10 months ago
- 1 answers
Posted by Kanak Jain 5 years, 10 months ago
- 0 answers
Posted by Suvinay Vats 5 years, 10 months ago
- 1 answers
Incredible Suri 5 years, 10 months ago
Posted by Prashant Kumar Verma 5 years, 10 months ago
- 1 answers
Posted by Ritika Bhadani 5 years, 10 months ago
- 2 answers
Ishika Verma 5 years, 10 months ago
Yogita Ingle 5 years, 10 months ago
This concept assumes that an enterprise has an indefinite life or existence. It means that the intentions of the business are to continue for sufficiently longer period of time. It will not be dissolved or liquidated in the immediate future. If a machinery purchased is expected to last (to be used for) next 10 year, then the cost of machinery will be spread over the next 10 year for calculating net profit or loss of each year (Dep. Charged.)
The full cost of the machine would not be treated as expense in the year of purchase itself. Market value of the asset is irrelevant and is not recorded in the balance sheet, as these assets are not going to be sold in the near future.
Posted by Laxmi Roy 5 years, 10 months ago
- 1 answers
Incredible Suri 5 years, 10 months ago
Posted by Kamal Kumar 5 years, 10 months ago
- 1 answers
Posted by Kamal Kumar 5 years, 10 months ago
- 1 answers
Posted by Shiv Lal Dewasi 5 years, 10 months ago
- 0 answers
Posted by Kush Gupta 5 years, 10 months ago
- 1 answers
Posted by Ishika Verma 5 years, 10 months ago
- 3 answers
Samarth Sharma 5 years, 10 months ago

myCBSEguide
Trusted by 1 Crore+ Students

Test Generator
Create papers online. It's FREE.

CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
myCBSEguide
Varun Singh 5 years, 9 months ago
0Thank You