where do you get Depreciation and Amortization?
Answers were Sorted based on User's Feedback
Answer / sarata kumar swain (godhan,ken
depreciation is the reduction of the value of transible
asset but amortization is the reduction value of
intransible asset
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / abdul bari
Depreciation is the reducing value of an asset due to
continous usage of an asset, whereas amortization is the
technique to write off intangigle assets.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / faisal adam (fdabeeco)
it is wear and tear which happen on equepment and other
value items,Depreciation relates to capital assets shown on
a Balance Sheet as Non-Current Assets. These assets are
purchased to be used by the association and are generally
not for resale
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vedanti mane
but where the entry in tally & why not looking in balance
sheet stament in tally
Is This Answer Correct ? | 1 Yes | 0 No |
what is reconciliation
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