Interview Questions Answers.ORG
Interviewer And Interviewee Guide
Interviews
Quizzes
Home
Quizzes
Interviews Best Management Interviews:Account ManagerAccounts ManagerAdmin PeoplesoftAdministrative AssistantAdministrative OfficerArea ManagerAssistant ManagerAssistant Manager TaxAsst. Operations ManagerBanquet ManagerBrand ManagementBusiness ManagementCash ManagementCity ManagerClub ManagerCost ManagementCustomer Relationship Manager(CRM)Deputy General Manager(DGM)Deputy Manager SecurityEffective Leadership SkillsEmployee Reference CheckERP OperationsExecutive AssistantFactory ManagerFailure PreventionFinancial ManagementGeneral Manager (GM)GM ProcessingGood Effective ManagementGood Team LeaderGoods Dispatch ExectiveHospital ManagerHotel ManagementHuman Resource (HR)Industrial ManagementInformation Technology ManagementInfrastructure ManagementInternal Audit and Cost ManagerLeadership SkillsLeading TeamLogistic CoordinatorManagementManagement ConsultingManagement ExecutiveManagement SkillsManagement StyleManager BakeryManager Call CenterManager ConstructionManager ContractsManager Garments DepartmentManager ImportsManager ProcurementManager SkillsManager StoresManager SustainabilityMBANon TechnicalNurse ManagerOffice ManagerOffice Support AssistantOperation ManagerOperations CoordinatorOperations ManagementOperations strategyPeoplesoftPersonnel ManagementProduct ManagerProduct Packing ManagerProduction ManagerProject CoordinatorProject ManagementProject Management Professional (PMP)Project ManagerRecord ManagerResearch Media ManagerRetail ManagementRetail ManagerSalary ExpectationsSenior Project OfficerSix SigmaStore KeeperStore SupervisorSupervisorSupply Chain OfficerTeam LeadTechnical ManagerTechnical Project ManagerTest ManagerTime ManagementTraining ManagerUnit Manager
Copyright © 2018. All Rights Reserved
Accounts Manager Interview Question:
Why we cannot depreciate stock?
Submitted by: AdministratorDepreciation is charged only on fixed assets because we are allocating the total expense of Fixed asset for many years.
Stock is a current asset generally used to sell with in a year only.
More importantly we show consumption of stock in Trading A/c through Cost of goods sold.
(i.e.,Opening stock + Purchase - Closing Stock)
That means Stock consumption expenses is already booked in Trading A/c hence we do not show again as expense by treating as deprecation.
Submitted by:
Stock is a current asset generally used to sell with in a year only.
More importantly we show consumption of stock in Trading A/c through Cost of goods sold.
(i.e.,Opening stock + Purchase - Closing Stock)
That means Stock consumption expenses is already booked in Trading A/c hence we do not show again as expense by treating as deprecation.
Submitted by:
Copyright 2007-2024 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.
https://InterviewQuestionsAnswers.ORG.