What is RTR? What is depreciation?types of depreciation and also journal entries

Question

Accepted Answer

RTR stands for Record to Report, which is a finance and accounting process that involves recording financial transactions and preparing financial statements.

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
Types of depreciation include straight-line, declining balance, and sum-of-the-years'-digits.
Journal entries for depreciation involve debiting the depreciation expense account and crediting the accumulated depreciation account.
For example, if a company purchases a machine for $10,000 with a useful life of 5 years and no salvage value, the annual depreciation expense would be $2,000 ($10,000/5). The journal entry for the first year would be a debit to depreciation expense for $2,000 and a credit to accumulated depreciation for $2,000.

Accepted Answer

The Full Form of RTR is Record to Report. RTR is used in the accounting and finance sectors. It is the process of recording all the financial activities of a company. This includes money transactions and financial reporting of an organisation. Moreover, RTR is also referred to as R2R.

Accepted Answer

**RTR (Return to Retailer)**: Process where customers return products to the retailer for refunds, exchanges, or store credits.

**Depreciation**: Allocation of asset cost over its useful life.

**Types**:
1. Straight-Line
2. Declining Balance
3. Units of Production
4. Sum-of-the-Years'-Digits

**Journal Entries**:
1. Debit: Depreciation Expense
2. Credit: Accumulated Depreciation

Accepted Answer

**RTR (Return to Retailer)**: Process where customers return products to the retailer for refunds, exchanges, or store credits.

**Depreciation**: Allocation of asset cost over its useful life.

**Types**:
1. Straight-Line
2. Declining Balance
3. Units of Production
4. Sum-of-the-Years'-Digits

**Journal Entries**:
1. Debit: Depreciation Expense
2. Credit: Accumulated Depreciation

Accepted Answer

Depreciation means any reduction in the value of fixed Assets

stands for Record to Report, which is a finance and accounting process that involves recording financial transactions and preparing financial statements.

Journal entries for depreciation involve debiting the depreciation expense account and crediting the accumulated depreciation account.

Accepted Answer

RTR  Record to report, rtr is basically used in the accounting and finance sectors
It is tha process of the company I.e. money transaction and financial reporting of an organization, RTR is also referred to as R2R

Accepted Answer

Generally an accounting process is divided in 3 towers, RTR, OTC and PTP. RECORD TO REPORT, ORDER TO CASH, PROCURE TO PAY.

Accepted Answer

Recort to report,deminisiting the value of the fixed assets,stright line method and diminishing value method,depreciation a/c Dr to fixed assets act

Accepted Answer

RTR means record to report process,in which finance and accounting collecting process,which involves finance and accounting collecting data.depreciation is value of an asset over a time due to wear and tear,obolescence.straight line,deciling balance,double decling balance,sum of year digits,units of production.debit to depreciation expense ,which flows through income statment.credit to drpreciation accumulated,which reported to the balance sheet.

Accepted Answer

R2R means every transaction record to report. Depreciation means any reduction in the value of fixed assets due to wear and tear or obsolescence, depreciation created for replacement of an asset......

Accepted Answer

Good Afternoon Sir/Maim
I am Deepak Kumar Jha From Madhubani, Bihar. 
Live in Noida Uttarpradesh. Am delighted to be here Today. 
I have Graduate B. Com Hons. LNM. University 🎓 Derbhanga Bihar.

Accepted Answer

RTR stands for Record to Report, which is a finance and accounting process that involves recording financial transactions and preparing financial statements.

Accepted Answer

RTR stands for Record to Report, which is a finance and accounting process that involves recording financial transactions and preparing financial statements.

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
Types of depreciation include straight-line, declining balance, and sum-of-the-years'-digits.
Journal entries for depreciation involve debiting the depreciation expense account and crediting the accumulated depreciation account.

Accepted Answer

Record to report (R2R) is a finance and accounting management process that involves collecting, processing and presenting accurate financial data. R2R provides strategic, financial and operational feedback on the performance of the organization to inform management and other stakeholders.

Accepted Answer

Depreciation means any reduction in the value of fixed Assets

stands for Record to Report, which is a finance and accounting process that involves recording financial transactions and preparing financial statements.

Journal entries for depreciation involve debiting the depreciation expense account and crediting the accumulated depreciation account.

Accepted Answer

RTR stands for Record to Report, which is a finance and accounting process that involves recording financial transactions and preparing financial statements.

Accepted Answer

Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic.
Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of time or obsolescence through market changeing.
Deprication Account debit To machinery Account Credit.

Accepted Answer

What RTR is tha . Real time reporting and straight-line, units of production, double declining balance and sum of the years' digits

Accepted Answer

RTR is.a financial and accounting management of record to report and collecting process and presentation process of rtr

Accepted Answer

RTR stands for Record to Report, which is a finance and accounting process that involves recording financial transactions and preparing financial statements.

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
Types of depreciation include straight-line, declining balance, and sum-of-the-years'-digits.
Journal entries for depreciation involve debiting the depreciation expense account and crediting the accumulated depreciation account.

Accepted Answer

RTR also known as record to report process, this is a finance and account menegment process in which involve collecting processing and pergenting company financial and accounting data, which help to know, how company perform.

Accepted Answer

Search all this question on YouTube for better answers.

Accepted Answer

Ask Google baba for any questions

Accepted Answer

Decreasing the valu of asset.purpose of depreciation is purchase the new asset after the life time of the certain assets. Depreciation a/c Dr To Asset a/c

Accepted Answer

Please read 11 class account book of commere

Accepted Answer

R2R means every transactions record to report. Depreciation means any reduction in the value of fixed assets due to wear and tear or obsolescence's. Depreciation created for replacement of an asset. Stritline Method, Return down value method, Annuity method, Some of digits method. Depreciation Account - Dr To Fixed Asset Account

What is RTR? What is depreciation?types of depreciation and also journal entries

Top Genpact Process Developer interview questions & answers

Popular interview questions of Process Developer

Top HR questions asked in Genpact Process Developer