Interested to Buy Any Domain ? << Click Here >> for more details...
Why depreciation is charged in P&L Account?
- 25 Answers
- 56275 Views
- Deloitte, FIC, I also Faced
- E-Mail Answers
Answer Posted / krishnachaitanyanellore
Depreciation is the continuous decrease in the value of the
asset.Depreciation can be considered both as an expense and
as a source of revenue.
Expense:Because the value of the asset is decreased
resulting in some loss, it is posted in P&L account.
Source of revenue:Depreciation when posted on the debit side
of the P&L account, the profit is decreased. In other way,
the profits that should be distributed among the
shareholders gets decreased.It means that the residual is
placed in the business itself.
| Is This Answer Correct ? | 27 Yes | 5 No |
Post New Answer View All Answers
Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com
how many types of financial teribuanal? what is that?
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
Expand---------ODMT
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
how history is helpful for banking?
what is the scenario of multi-org setup?
Short Answer on __________Measurement
Tell me the steps for Import and Export Thanks
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
What is Compliance?
Short Answer on ______________House Rent allowance
What is payment/receipt/period accruals?
Please explain a Representative Personal Account.
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
