Answer / hemanth.n.s

good answer deepa.

Answer / vinotha.v

YEAR TO YEAR CHANGE THE FIXED ASSETS (DECREASE THE VALUE).

SO DEPRECIATION IS CHARGED IN PROFIT & LOSS ACCOUNT

Answer / sonali

Depreciation is reduction in the price of fixed assets due
to wear and tear over a passage of time. It shud be shown
in P&L A/C bcoz while disposing off the asset u will get
lesser price than for what u had purchsed it so its one
kind of loss (in rupees). As we use double entry accounting
system we have give two effects of the transaction so one
effect is shown in P&L debit side and one is less from
fixed assets.

Answer / jagdish sherla

Depreciation is charged in P&L Account to decrease the
value of Fixed Asset as per rules of Income Tax and get the
net profit after depreciation.

Answer / kulothungan

Very Gud Answer Deepa.

What's COOP

1 Answers  

what is the bills payble and bills receivable

2 Answers  

i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c

12 Answers  

Expand-----SICA

1 Answers  

Expand---------STRP

2 Answers  

WHAT DO YOU MEAN BY BANK RECONCILIATION STATEMENT AND MIS RERORT

3 Answers  

Maximum % of Basic Salary

1 Answers  

Discuss the role of cost accounting in managerial decision making?

1 Answers  

What is difference between Accrual and Provision,provide me with an example.

2 Answers   Cap Gemini,

What rate of sales tax will be applicable on printing machine spares selling from haryana to other state.

3 Answers  

EXPAND_________ZBA

1 Answers  

What is the trade balance ,what is the Trailbalance,

1 Answers   ITW Signode,