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Straight Line Charge
Source: Clackr original
Machinery cost Rs. 5,00,000; residual value Rs. 50,000; useful life 10 years. Annual depreciation under the straight line method = (5,00,000 - 50,000) / 10 = Rs. 45,000. Carrying amount after 3 years = Rs. 3,65,000.
Typing details
- 36 words, 215 characters
- 9 figures to type exactly
- About 1 minute at 40 WPM
About Figures & Abbreviations
Figures, entries and abbreviations: journal entries with amounts, GST invoice workings, depreciation, ratios and profit sharing. They build accuracy with the digits and punctuation of commerce work, where one wrong figure changes the meaning.