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WHAT IS DEPRICIATION?
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Answer / guest
"Depriciation denotes gradually and permanent decreases in
the value of asset due to wear and tear, technology
dhanges, laps of time and accident"
| Is This Answer Correct ? | 20 Yes | 1 No |
Depreciation Means decrease in the value of Asserts
For example, cars tend to depreciate over the course of
several years of ownership. Factors like wear and tear, the
conditions of the market, and age can all have an impact on
depreciation. Some assets grow more valuable or appreciate
over time, such as real estate.
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / sheetal kumar garg
DEPRICIATION MEANS DECREASE OF VALUE OF ASSET.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / m.fahim khan
this is the decrease in the value of assests due to useage.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / samreen
Depreciation is a measure of the wearing out, cosumption or
other loss of value of a depreciable asset arising from
use, effluxion of time or absolescence through technology
and market changes.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / dilip vishwakarma
Deprecation is the gradual and permanent and decrease in to the value of Assets from any cause.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / vineegautam.gautam
depriciation is the value which is deduct the cost of goods
at the end of every year
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / kamlesh pandey
DEPRICIATION IS A VALUE WHICH IS DEDUCTED OF FACE VALUE OF
ANY ASSETS
| Is This Answer Correct ? | 0 Yes | 3 No |
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From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
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explain vat breifly
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Discount on issue of debentures is a __________ (a) Revenue loss to be charged in the year of issue (b) Capital loss to be written off from capital reserve (c) Capital loss to be written off over the tenure of the debentures (d) Capital loss to be shown as goodwill
Audit 
