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calculating the residual value of a good is very simple since it will be necessary to withdraw the accumulated depreciation amount at the purchase price . Obviously, in order to do this, the accounting firm will have to have depreciation schedules in order to know what rate of depreciation to apply to each asset since not all of them lose value at the same rate. It is considered, for example, that a bedding does not lose value after being used one year while a computer loses 20% or a video game 40% after the same duration of use. Accounting for a real estate complex The accounting writing of the purchase of a property complex  involves to properly break it down into different categories. The purchase of the land will have to be accounted for on the one hand and the purchase of the building on the other, and the additional costs will have to be taken into account. A tedious task ... Accounting for land When acquiring a real esta...

Whether in economics or accounting, the concept of residual value is frequently used, but it is not always easy to understand. For best accountancy training  Best school of accountancy In Lahore .  Here is a small article which will allow to see more clearly on its definition, its interests but also its calculation. What is the residual value? To define the residual value, many variants exist since each tries to adapt it to its activity. However, the following definition can be accepted: the residual value is "the estimated value of an acquisition at the end of the amortization period". It therefore corresponds to the value of a property after being used. If the residual value is never negative, it can be zero, since it is completely possible for certain assets to have no longer any value after a certain period of use. Applications of the residual value For a very long time, residual value has been an essential element o...

Once a company decides to put an end to its activity, the accounting work is not quite finished. Indeed, several entries are necessary for the liquidation of the company and a possible sharing of the remaining equity. What is the termination of business and liquidation? While many think that cessation of activity and liquidation are synonymous terms, it is actually nothing. Indeed, the cessation of activity   corresponds very simply to the fact that an undertaking ends its activity. It may originate in a will of the executives to close the company for reasons X or Y or in a judgment ordering its liquidation (payment with impossibility of reorganization). Liquidation is the consequence of the economic disappearance of a company  . It is carried out by the head of the company and his accountant or by a mandated liquidator (in the case of a liquidation). It involves several steps  : realization of assets, recovery of rec...

Established by the ordinance of September 23, 1967, the Groupement d'Interet Economique is an original structure that acts as an intermediary between the company and the association. For best accountancy training  Best school of accountancy In Lahore .  With a legal personality, the main objective of the EIG is to allow  members to pool their activities to develop them  . The characteristics of the EIG Composed of a minimum of two members who may be natural or legal persons, the Grouping of Economic Interest differs from  fondations and GIP   by many peculiarities of its own: It may be constituted with or without capital. In the second case, the rights of each member must be clearly defined in the statutes of the EIG The activity of the EIG must necessarily be linked to that of its members and its object can be both civil and commercial The GIE can rely on a total freedom of statutor...