Interested to Buy Any Domain ? << Click Here >> for more details...
Every year very huge amount of depreciation debited at any
of company's account, which is actually non cash expense,
now where actually amount goes at the year end?
- 3 Answers
- 5853 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
For any accounting entry debit & credit aspects are a must
the total on the two sides should be the same. As mentioned
in the question depreciation does not result in cash-flow at
that point of time so it's anon cash expense.
Depreciation amount is credited to Assets A/c or
'Accumulated Depreciation' A/c and is debited to Profit &
Loss A/c.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
What is the distinction between cost accounting and management accounting?
Tell me what is your track record for consistently achieving your targets?
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
what is addition of Opening Balance and net profit transfered from profit and loss account called
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
How to pass workscontract sale invoice which includes WCT & VAT.
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
What is an over accrual?
If balancing account is not assigned to company & is assigned to department wat will be the effects
The main financial accounting statements?
What is a business transaction in accounting?
How new/innavtive assets are to be treated under IFRS?
What are the 4 types of ppe?
Explain have you ever prepared mis reports and what are these?
