Answer / tapan kumar roy

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Depreciation is the Profit & Loss item on the otherhand Accumulated depreciation is the Balance Sheet item.

Answer / raju

accumulated depreciation is a depreciation of fixed asset on the life cycle basic.the rate of depriciation on plant and machinary,motor car, computor, the all fixed assets depreciate in assasment year.

Please tell me entry for following bill. Goods 500 Disc- 10% 50 ---------------- Bill Amt 450

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Bank Reconciliation

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