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where will be effect the amount of depreciation in company
final account? If it will effect in P&L A/c & Balance Sheet
also than will amount be same in both sheet?
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Answer Posted / manas jose
its effect will be shown on the debit side of p&l a/c
and the particular asset on which depriciation is charged
will be reduced by the amount of depriciation and shown on
the asset side of balance sheet.yes
| Is This Answer Correct ? | 11 Yes | 1 No |
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