Why depreciation is charged in P&L Account?

Answer Posted / jay kumar

depreciation will charged because one thing it is a revenue
expenditure , second thing it will charged because to
decrease the net profit, as per IT dep will decrease from
assets & net profit.

than only actuall profit will shown in balance sheet, and
assets will show actuall values

Is This Answer Correct ?    7 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

1913


Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?

1560


Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

1749


Comments Elements in accounting

1405


What type of question generally asked in Brokerage Firm ?

2396






Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1215


what is Ratio Analysis ?

1817


What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

1736


Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1430


Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector

1299


Nature of training account with reason

1115


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

1629


Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

2006


what is automatic payment in sap fico

1625


i am the student of icwai (intermidiate) What is the tds and how use the different state ..

1632