Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Why depreciation is charged in P&L Account?

Answer Posted / jagdish sherla

Depreciation is charged in P&L Account to decrease the
value of Fixed Asset as per rules of Income Tax and get the
net profit after depreciation.

Is This Answer Correct ?    7 Yes 16 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the models of valuation of the company

2023


Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?

2241


what is Calculation of Depreciation for 4 to 5 Years?

2182


Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1956


Breif notes about accounting standards

3137


how many schedules are there in accounting?

2268


Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.

2296


explain the difference between LIFO and FIFO?

1247


difference between vat 47 & vat 49

3262


Expand--------SRTA

1992


Expand SOIT

1952


Depreciation method to using Indian company names

2316


what is the meaning of call in arear

2698


i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.

2126


Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance

2092