Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Depreciation charged in P&L a/c
and the Depreciation deducted from Assets' value in Balance
Sheet, in an accounting period?
- 2 Answers
- 7374 Views
- ABC, Thomson Reuters, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / khaleel
In P&L depreciation is shown as expense however, in balance
sheet it is deducted from the asset.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / rakesh
there is no much difference between the dep charged in p&l and amount deducted from assets from the balance sheet.like EX:
when doing final accounts the adjustments are made to do the balance i.e., firstly we have to deducte the amount from the assets and then we have to repeat the same in the p&l a/c.
| Is This Answer Correct ? | 5 Yes | 4 No |
how to give the jv for the following transation eg',Our Comapny Name U2 1.cheque recd from customers of Associate Comapany (U1 Ltd):575 on U2(Our company Name).we deposited that cheque in our bank a/c. 2.U1 debited U2 for 575/- passing 1 jv like Due from U2(Our comapnY) dr 575 To collection from Customers cr 575. now how can I recognise both entries and how can i reconsile my BRS... This Receipt is not belongs to U2
1.what is debenchers? 2.what is devident? 3.reverce merger?
Any two difference of Trading and Profit and loss A/c
EXPAND___________MHRD
What is a TDS ?
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
EXPAND___________MLM
closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the nextyear?
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
explain about mergers & aquisitions? asked on 30/7/09
what is ADR
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
Audit 
