Interested to Buy Any Domain ? << Click Here >> for more details...
how do you charge Depreciation in p&l,(what basis and
value?)
- 2 Answers
- 6784 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sarata kumar swain(godhan,kend
DEPRICIATION IS THE REDUCING VALUE OF ASSET IN A FINACIAL
YEAR SO FIRSTLY CALCULATED THE AMOUNT OF DEPRICIATION IN
FIXED OR DIMINISHING BALANCE METHORD FROM THE W.D.V OF
ASSET AND THE AMOUNT OF DEPRICIATION AMOUNT ISTO BE TAKEN
IN THE DEBIT SIDE OF P/L ACCOUNT AND THE SAME AMOUNT IS TO
BE DEDUCTED FROM THE OPENING W.D.V AND THAT THE CALCUTED
AMOUNT IS THE CLOSSING W.D.V OF ASSET AND FINALLY THE
CLOSSING W.D.V TAKEN IN TO BALANCE SHEET ASSET SIDE AS THE
CURRENT VALUE OF ASSET FOR THE PURPOSE OF FINALISING OF
ACCOUNT AND THE DEPRICIATION OF NEXT YEAR IS TO BE
CALCULATED FROM THE CLOSSING W.D.V OF ASSET.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / chaitanya
The written down value of plant or a machinery is known as
depreciation.The depreciation will be accounted into books
by taking in on debit side of profit and loss account.The
same amount of depreciation will also be deducted from the
astet a/c in balance sheet.The big firms will also be
maintaining seperate depreciation heads for its future
mobilisation of money from its reserves.
| Is This Answer Correct ? | 2 Yes | 0 No |
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
what is zero balance clearing a/c. why we r maintaining this a/c in sap fico
what is the difference between speculation & investment?
loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid
What is Petty Cash Book?
Who are the Users of Financial Information
What is the journal entry for reverse the late payment of loan from the bank A.
Any one give some questions and answers . B.R.S, and tally9.0
what is the finallizition account
Choose the right answer when a customer directly deposits in our Bank towards his dealership deposit we have to debit 1.Customer 2.dealershiip deposit 3.Bank
i have recd airtel bill for june 13 month , what general entry i have to book in tally and Airtel come under which head ??
wat is extended price??
Audit 
