what is deprisiation?what is upprisiation?what is bill
receable and payable
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Answer / jhansi ca
Depreciation means decrease the value of an assets for its
use in the business.
Appreciation means increase the value of an assets.
bills recievable means a document evidence the amount by
the business to the debtors.
bills payable means a document evidence the amount owes by
the business to creditors.
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / srikantpatnaik
Depreciation means decrease in the value of an asset due to
various reasons.(wear & tear, or passage of time, etc. an
asset is presumed to have a definite life span after which
it will go obsolete or would stop functioning and it happens
slowly over a period of time. So depreciation is the
recognition of the aforesaid fact.Its a charge to the P&L
Account.
Appreciation means increase in the vale of an asset. ex.
Land's value increases coz it is limited in nature. say u
have purchased a land @ a cost of 5lakhs and accounted in
the books but after few years later the demand for the land
goes up so the price of it as well.
Bills receivable : when as a seller you sold some goods to a
person on credit, the money from the other person is yet to
be received, so to claim the credit sale you prepare a
document where the the person who took goods on credit from
you accepts the debt and willing to repay in a period agreed
upon.
Bills payable : It is just other way round. where you take
some goods in credit from suppliers and agrees to pay in an
agreed time line. The Invoice from supplier is an evidence
as your debt(current liability) and for him its a
B/R(current asset)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / arun kumar
the gradual decrease in the value of assets due to wear and
tear is called deprisiation.
the increase in the value of asset is called apprisiation.
A document evidence the amount which we have to receive for
debtors is called bills receable
A document evidence the amount which we have to pay to
debtors is called bills payable
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / vijay gombi
the gradual decrease in the value of assets due to wear and
tear is called deprisiation.
the increase in the value of asset is called apprisiation.
A document evidence the amount which we have to receive for
debtors is called bills receable
A document evidence the amount which we have to pay to
Creditors is called bills payable
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ashwani singh bisht
Depreciation means decrease in the value of asset and
appreciation means increase in the value of asset.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / anil ahuja
depreciation is timely reduction in assets value due to use
or non use
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ashwani singh bisht
DEPRECIATION IS DECREASE IN THE VALUE OF
ASSETS ,APPERICIATION IS INCREASE IN THE VALUE OF
ASSETS,BILLA PAYBLES MEANS SUCH AN AMOUNT WHICH A CONCERN
HAS TO PAY , AND BILLS RECEIVABLE MEANS SUCH AMOUNT WHICH A
CONCERN HAS TO RECEIVE FROM ITS CUSTOMERS.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / prasad
deprisiation means decresee the value of assets using in
business, eg. machinary
apprisiation means increase the value of assets
bills receivables means we have to collect the bills from
debitors
bills payables means we have to pay money to the creditors
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mohammed rizwan
Depreciation means increase the value of an assets for its
use in the business.
Upprisiation means increase the value of an assets.
bills recievable means a document evidence the amount by
the business to the debtors.
bills payable means a document evidence the amount owes by
the business to creditors.
| Is This Answer Correct ? | 5 Yes | 28 No |
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