How many types depreciation are calculated in Accountancy.?
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Straight-line, declining-balance, activity, and also the custom types where they try to front load them as much as possible.
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NO THE ONLY PART THAT APPEAR AS AN EXPENSE IS THE ACCUMULATED DEPRECIATION.CAPITAL DOESN'T ITSELF APPEAR ON THE PROF/LOSS ACC
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net income\ncash flow\nquick ratio\nshareholders or owners equity\nrevenues\naudited statement vs. compilation\ndisclosures\nnotes to financial statements\nany warnings in auditors letter re: going concern or other potential problems
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dr = debit recorded, cr = credit recorded :)\n\nRival
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debit salaries expense for 3600\ncredit cash for 3600
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Accounting tends to be one of those subjects that you either get it or your don't.  The best advice is to keep practicing the t-table exercises until you find that "A-HA!" threshold.\n\nHere are some basics.\n\nIncome Statement\nNet Sales\n - Cost of goods sold\n   (Labor, Materials, Overhead, Delivery, etc.)\n= Gross Margin\n - Selling, General & Administrative expenses\n= Operating Profit\n - Interest\n= Profit before taxes\n\n\n\nBalance Sheet\nAssets\n Cash\n Investments\n A/R\n Inventories\n PP&E\n\nLiabilities\n A/P\n Long-term debt\n Other liabilities\n Reserves\n\nShareholder's equity\n Common stock\n Retained earnings
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The formula for depreciated value at the end of each year is:\nValue=(Worth Original) X (1 - Rate of Depreciation)^^Years\nsubstituting for year 2 we get\n30000 = 50000 * (1 - r)^^2  ==> 30000/50000 = (1 - r)^^2 ==>\n.6 = (1 - r)^^2  take square root of each side ==>\n+/-sqrt(.6) = 1 - r  ==> +/- .7746 = 1 - r ==> r = 1 +/- .7746 ==>\nr = .2254 or 1.7746 r must be less than 1 so r = .2254\nsubstituting again for 1000 dollar minimum we get\n1000 = 50000 * (1 - .2254)^^x ==> .02 = (.7746)^^x using logs\n==> ln(.02) = ln(.7746)^^x ==> ln(.02) = x * ln(.7746) solve for x\n==> x = ln(.02)/ln(.7746) ==> x = 15.316...\nThe machine will reach have it's last depreciation at the end of the 15th year and will be worth scrap of $1,000 for every year after that.
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http://www.aicpa.org/pubs/jofa/jul1999/financial_accounting.htm
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Earnings before interest, taxes, depreciation and Amortization.
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6) Debit the Depreciation expense by $350 and credit the Accumulated depreciation also by $350.\n7)Credit the cash at bank account by $28.\n8) Debit the drawings account by $1000
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Depreciation is added into every cash flow statement that I have ever seen where a company has fixed depreciable assets. Since it reduces net income but does not currently rely on the use of cash, you add it back. The purchase of the asset would be handled seperately as a use of cash. If you have a depreciation expense you should have an accumulated depreciation amount on your balance sheet. That sounds like your problem.\n\nEquipment $10,000.00\naccum depr. 1,000.00\nnet asset $ 9,000.00\n\nIf your first years depreciation was $1,000.00 then that would be on the income statement as an expense and on the cash flow as an add back to cash flow. You would also have an equipment purchase of $10,000.00 reducing your cash flow.
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short answer, get MYOB and pre-select the business type, it will give you a complete chart of accounts applicable to that type of business.\n\nThere are some basic line items that every business will use, but in essence, you can, subject ot accounting standards and generally accepted accounting principles, create what you want.
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Accounting, generally.
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This gives a guideline on the salary ranges:\n\nhttp://www.hays.com/library/pdf/accountancy/practice-aug-2006.pdf
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depreciation is the spreading of an expense of an asset over a period of time that tries to reflect its useful life. if a company had 100,000 in depreciation against 1,000,000 in revenues, then it would be 10%.
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Are you looking for example of different type of expenses?\nAdvertising, business cards, bank charges, catalogues, dues, sales aids, freight, service charge, supplies-misc & office, demo, postage, gifts, samples & promotional items, storage containers, storage fees, inventory, professional due & license, professional insurance & publications, telephone, faxes, pay phone, beeper/pager, answering service,attache case, calcutator, display table.\nI hope this help you.
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Too many to even list. Lots of accounting jobs(like head or chief of an accounting firm), lawyers,Pharmacists,lots of different careers