NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DIFFERENT FORMS OF VALUE Accommodation value: As the city or town develops, the surrounding agricultural area is to be converted into the accommodation land. For this purpose the owner of the land has to obtain the permission from the competent authority to convert his agricultural land into non- agricultural or accommodation land. Such accommodation land […]
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OCCUPATION VALUE AND INVESTMENT VALUE The main intention of every purchaser of a real estate is to invest his capital so as to obtain enough return from it. Thus, the investment value of property indicates the amount offered by a prudent purchaser by keeping in view the advantages of processing the property from
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LEASE EXTENSION A lease extension is a legal agreement that extends the terms of an existing lease. Lease extensions are commonly used in rental agreements, but the term can also apply to auto leases. A lease extension continues the existing lease for a set period rather than creating a new contract. Landlords usually extend leases for a
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SECURITY AND ITS TYPES – ALL YOU NEED TO KNOW A security is a financial instrument, typically any financial asset that can be traded. The nature of what can and can’t be called a security generally depends on the jurisdiction in which the assets are being traded. “Securities” refers to substitutable and tradable financial instruments
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MARRIAGE VALUE IN CASE OF LEASED HOLD PROPERTIES Marriage value is the difference in a leasehold property’s value before the 80-year lease is extended and after. The difference between these two amounts needs to be paid to the freeholder of the property as compensation. Leasehold properties come with a lease term, which sets out the
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CLASSIFICATION OF COST- TYPES AND METHODS Cost Classification is the process of segregating the company’s costs into different categories that gives a fair idea to the decision-maker about the spending pattern. This bifurcation allows teams to efficiently use the data for accounting purposes and financial modeling, leading the management to decide which cost is more
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RECEIVABLE MANAGEMENT- ALL YOU NEED TO KNOW The receivables account is also called the bills receivables and consists of transactions with people to whom one offers services or goods on a credit basis. It also comprises businesses or clients from whom the business is money owed because of the credit facilities availed for business purposes.
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MEASUREMENT OF BUSINESS INCOME- ALL YOU NEED TO KNOW Business is an economic activity , which is related with continuous and regular production and distribution of goods andservices with a view to earn profit. In accounting, the term income refers to business income. Business income can bedefined as excess of revenue over expenses. Revenue means
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RESERVE AND A PROVISION– ALL YOU NEED TO KNOW A reserve is an appropriation of profits for a specific purpose. The most common reserve is a capital reserve, where funds are set aside to purchase fixed assets. By setting aside a reserve, the board of directors is segregating funds from the general operating usage
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DIFFERENT TYPES OF BRICKS USED IN CONSTRUCTION Bricks are rectangular units of uniform dimensions. Clay is used to making bricks. In construction, there are different types of brick. When stone is not accessible, bricks are commonly utilized as a substitute. Brick is a common building material made of clay and comes in rectangular shapes. Because
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DIVERSION HEAD WORKS –ALL YOU NEED TO KNOW It is a technique of diverting water to the canal, when a weir or barrage is constructed across a perennial river to raise the water level.Diversion headworks is a structure constructed across a river for the purpose of raising the water level in the river so that it can be
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TACHEOMETER AND ITS FEATURES – ALL YOU NEED TO KNOW Tacheometry is a branch of surveying in which the horizontal and vertical distances are determined by angular observations with a tacheometer, the chaining operation being altogether eliminated Tacheometry is not as accurate as is changing, but it is far more rapid in rough and difficult
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