what is depreciation ? and its entries ?
Answer Posted / yogeshd
Due to use of Fixed Asset their value is reduced that reduction in value is called depreciation
Depreciation A/c Dr.
To Asset A/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
how to enter the tender refund amount in tally ?
how to prepare brs statement for company in tally
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
How many invoices on average do you handle on a weekly/monthly basis?
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
What do you know about this position?
Why did you choose the a-levels you did?
What do you think is a bank reconciliation statement?
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
Define the term material facts in accounting?
Tell me why some asset accounts have a credit balance?
Which kind of transactions are not recorded in the books of account?
Differentiate between consignor and consignee?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?