Why depreciation is charged in P&L Account?
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Answer Posted / hemanth.n.s
Firstly, it is mandatory for every company to provide for
depreciation in the books of account before declaring
dividend.
Secondly it is a nominal account. The concept being to make
good the value of fixed asset on a particular balance sheet
date.
| Is This Answer Correct ? | 31 Yes | 6 No |
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