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 |
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