What is Depreciation ?

Answer Posted / dharmendra.ch(mancherial)

depericiation means loss on wearing & tearing of
an particular fixed asset during the accouting year
ex plant & machenary, (excluding land)

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.

1673


How do I charge bank charges on payments to clients

1606


What are bills receivable?

620


in Tally what is cost cenre,cost categori and why we need to prepare them

1615


Define offset accounting?

639






Why did you choose the a-levels you did?

632


on the basis accounting,acounting is divided in to how many classes and what are they?

1367


OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.

1770


What is depreciation and how many types are there. Please give details?

672


Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)

1960


how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?

2838


Why company issue shares at discount as its a loss ?

2656


get fixed assets items

1450


how many types excise audits and when they are applicable to firm

1610


Mention why some asset accounts have a credit balance?

646