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Rent A/c Dr.
To bank A/c
Explanation:
Rent is expense in this situation and expenses are debited by the rule =Debit all expenses and losses
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Yogita Ingle 6 years, 3 months ago
On the basis of ownership, companies can be divided into two categories –
Private & Public.
| Private Co. | Public Co. |
| It has minimum 2 and maximum 50 members. | It has minimum 7 and maximum unlimited. |
| It cannot invite general public to buy its shares and debentures. | It invites general public to buy its shares and debentures. |
| There are certain restrictions on transfer of its shares. | Its shares are freely transferable. |
| It can commence business after incorporation. | It can commence business after obtaining certificate of commencement of business. |
| It has to write Private Ltd. After its name
Ex- Tata Sons, Citi Bank, Hyundai Motor India. |
It has to write only limited after its name
Ex- Reliance Industries Ltd., Wipro Ltd. , Raymond’s Ltd. |
| In its minimum capital required is one lakh. | In its minimum capital required is five lakhs. |
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Gaurav Seth 6 years, 3 months ago
Explanation:
machine costing = 300000
calculate depreciation under straight line method
depreciation for two months = [ ( 300000 * 10 % ) * 2/12 ]
= 5000
machinery cost after charging depreciation (300000 - 5000)
= 295000
calculate depreciation under WDV method
machine costing = 300000
depreciation for 1st month = [ ( 300000 * 10 % ) * 1/12 ] = -2500
= 297500
depreciation for 2nd month = [ ( 297500 * 10 % ) * 1/12 ] = -2480
= 295020

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