what is depreciation ?

Answer Posted / karan gandhi

Depreciation actually means the value of an asset consumed during the year. this value is transfered to p&l a/c as an expense

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the system of accounting and banking in cooperative bank?

3000


how will i develop my fears in interviewd?

1589


Can you explain about the distinction of Book-Keeping and Accounting

1541


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1481


Expand SCERT

1799






What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

1617


Short Answer on ________Adjusting Entries

1723


I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes

1039


what are the types of provisions that you would make for the end of a financial year?explain

1492


Distinguish capital and Revenue receipts

1760


what is meant by qurum

2020


i need sbi bank clerk exam model question papers

1932


What is the difference between Deffered Tax Assets & Deffered Tax Liabilities

1755


How do the standards assist the users of financial report?

1807


What is Merchandising Accounting process

1609