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 / r.purushothaman.
1) depreciation is effect the amount of depreciation in
company final account p&l a/c and b/s a/c.
2) no, p&l amount of depreciation is previous year and
current year add and put a p&l a/c debit side and b/s
assets side current year depreciation only dedcted from
particular assest. so, total amount of depreciation will
defer p&l a/c and balance sheet.
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