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Straight Line method This method makes provision for equal amount to be charged as depreciation for each year of useful life. It is calculated by thus; cost of asset less residual value divided by the number estimated as the useful life span. It is said to be the easiest to calculate, and consists of depreciating the […]
Financial Accounting, SS 1, Week 2 Topic: Preparation of final account from a set of incomplete records: Conversion of single entry to double entry Business organization whose books are being kept under the single entry system may decide to improve the system of accounting by introducing a complete double entry system.it is possible for complete
Financial Accounting, SS 2, Third term, Week 1 Topic: Goodwill Account Contents Meaning of Goodwill Account Reasons for Goodwill Account Goodwill Valuation Characteristics of Goodwill Meaning of Goodwill Goodwill can be defined as an asset, but it cannot be seen or touched, hence it is referred to as an intangible asset. According to Lord Elton
Classwork Series and Exercises {Financial Accounting – SS2}: Goodwill Account Read More »
