Answer / charles rodrigs .c

Depreciation is the decrease in the value of fixed asset due
to wear and tear,passage of time ,obsolescence etc.
Depreciation a/c Dr
To concerned asset

P/L A/C Dr
To Depreciation

Answer / raghu aps evng

Depreciation A/x Dr
assets/machinery Cr
(Being Dep Chagred On Machin at 15%)

Answer / sra1jay

Depreciation is the decrease in the value of fixed asset due
to wear and tear, also known as providing this depreciation on Tangible fixed asset.

Depreciation a/c Dr
To concerned fixed asset

P/L A/C Dr
To Depreciation

Answer / babhu kanchupalli

Depreciation is the continuous decrease in the value of an asset.....due to usage,wear and tear,efflux of time.....
It is an expense to the business.....so according to the nominal accont....we should debit it to the respective asset....the is as below......

Depreciation account. Dr
To Respective asset account
(Being depreciation provided)

For accumulated depreciation.....

Depreciation account. Dr
To Accumulated depreciation account
(being depreciation provided(2nd year))

if you are a hard working nature conclude your self?

0 Answers   Bank Of America,

---

Accounts Paybles & accounts Recivable are Real A/c , Personal or Nominal A/cs ?

9 Answers  

---

Futures

2 Answers   Bank Of America,

---

What is the dual aspect concept?

0 Answers  

---

In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.

0 Answers   Genpact,

---

---

What are the differences between contrast bookkeeping and accounting

0 Answers  

---

Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.

0 Answers  

---

whom can deduct the TDS?

6 Answers  

---

What do u mean by press releases

0 Answers   Capital IQ,

---

6- What do you mean by purchase merchandise; assets or expense?

2 Answers  

---

What is the meaning of Trial Blance?

5 Answers   Accenture, Amit Enterprises, Laposs Hardware,

---

Tell me deferred taxation is a part of which equity?

0 Answers  

---