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is depreciation a expense for company?why it is charged to
p/l a/c?
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Answer Posted / ullas patil kulkarni
Eventhough Depreciation is charged in the P&L a/c as an
expenses, it is not really expense spend by the company, it
is a benifit for the company for its assets which is
reducing in the nature of its value. it is really not an
expenses but co. charged this to P&L a/c to save its TAX.
It is charged to P&L a/c beacause being depreciation is an
expenses all expenses and losses are Debited(nominal a/c)
to P&L a/c
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