When should a revaluation increment be included as part of profit or loss?
Question:
When should a revaluation increment be included as part of profit or loss?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
A revaluation increment might be included either as part of profit or loss or as part of othe...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
China Petroleum and Chemical Corporation China Petroleum and Chemical Corporation (CPCC) is one of a growing number of Chinese companies that has cross-listed its stock on foreign stock exchanges. To...
-
Joy Bhd has been an established public listed company since 2015 that involved in manufacturing and distributing of aromatherapy products such as therapeutic grade essential oils, aromatherapy...
-
T Pty Ltd is a manufacturer of tennis equipment and fashion wear. The statement of financial position as at 30 June 2020 and details of expenses and revenues for the year ending 30 June 2020 are as...
-
Which is not a difference between a limited liability company and a limited liability partnership? a. An LLC, unlike an LLP or LLLP, can exist with only one owner. b. All members of an LLC have...
-
Suppose 12 urban households and 12 rural households are selected randomly and each family is asked to report the amount spent on food at home annually. The results follow. Use a Mann-Whitney U test...
-
1. McCutchon wrote a check payable to cash while he was in a supermarket. Before he got to the cashier, he realized that he had lost the check. Is this a bearer instrument, payable to any holder? 2....
-
A business firm is thinking of buying a capital good, which will earn \($2,000\) a year for the next four years and cost \($7,000.\) The interest rate is 8 percent. Should the firm buy the capital...
-
Fill in the blank with the answer. Each answer in the list may be used more than once or not at all. a. Separate and proportionate b. Racketeer Influenced and Corrupt Organization Act (RICO) c....
-
1 Define Management? Explain its features, importance and nature? 2 Briefly explain about functions of management 3 Define leadership and explain leadership styles? 4 Briefly explain about decision...
-
How is the recoverable amount of a non-current asset to be determined?
-
For financial reporting purposes, is there a need to determine the recoverable amount of non-current assets?
-
A slender metal arch lies along the semicircle y = a 2 - x 2 in the xy-plane. The density at the point (x, y) on the arch is (x, y) = 2a - y. Find the center of mass.
-
What are some advantages and disadvantages of using a scoring model for selecting projects?
-
It is inconvenient and time consuming for employees to walk across campus every day to eat lunch, which is why we need an employee lunchroom in our building is an example of: a. project scope b....
-
Describe factors that may influence the success of a project.
-
Adding to the project after it has already begun without making adjustments to time, cost, or resources is known as: a. scope creep b. risk c. milestones d. acceptance criteria
-
What types of resources might be included in a resources-needed section of a charter?
-
Rockford Company has four departmental accounts: Building Maintenance, General Factory Overhead, Machining, and Assembly. The direct labor hour method is used to apply factory overhead to the jobs...
-
Find the image of x = k = const under w = 1/z. Use formulas similar to those in Example 1. y| y = 0 -21 -2 -1 -1, /1 12 T -1 -1 y= -2 x =0
-
A company makes an accrued revenue adjusting entry for $780 and an accrued expense adjusting entry for $510. How much was net income understated prior to these entries? Explain.
-
On January 9 a company pays $6,200 for salaries, of which $1,100 was reported as Salaries and Wages Payable on December 31. Give the entry to record the payment.
-
On January 9 a company pays $6,200 for salaries, of which $1,100 was reported as Salaries and Wages Payable on December 31. Give the entry to record the payment.
-
GolfCo manufactures golf clubs and other equipment related to golf. It has purchased a new labelling machine for $20,000 that it will depreciate for 6 years using linear imdua depreciation. It will...
-
The financial team has been properly selected and charged to proceed with their analysis of EEV's financial statements. In the course of their evaluation, they will be assessing the firm's operating...
-
Evaluate The New York Times' strategy for addressing competition from online news sources. Given the New York Times' heritage, can it expect to compete with online news providers, and if so, what...
Study smarter with the SolutionInn App