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Ashish.
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- May 10, 2023 at 7:09 pm #2325
Hi, I am commerce stream student preparing for CA. In accountancy, I am struggling to understand Depreciation and provisions chapter. Can someone give me some tips on how to solve depreciation and provisions questions?
May 10, 2023 at 7:10 pm #2326Have you watched Brain Bucket Academy videos on youtube? They helped me a lot for depreciation and provisions. Also practice all the questions from the NCERT text book. That really helps to understand the concepts.
May 10, 2023 at 7:12 pm #2327I know it gets tricky man! For provisions, remember profit should only be recognized in the year it is earned. So when conditions arise, make provisions to subtract from your profits. The main provisions ate doubtful debts, warranty, tax, etc. Hope this helps.
May 10, 2023 at 7:13 pm #2328chill bruh, get the Big R formula in ya head , calculate dep for each year separately and add provisions as and when needed . Ya got this!
May 10, 2023 at 7:16 pm #2329Check out Bhavik Chokshi on Youtube.. He explain the concept in like the most simpliest way possible. Hope it helps!
May 10, 2023 at 7:17 pm #2330Forget YouTube, read the actual standards and practical examples in the ICAI study material. That’s how you’ll truly understand and be able to solve any question on it.
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