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what is depreciation ?
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Answer / megha arora
Reduction in the value of fixed assests due to normal wear
& tear and obsolescence
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / anoj
It is decreasing value of fixed asset due to use of asset
or wear and tear or laspe of time.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / gajendra yadav
it is deduction on the fixed assets in certain time.expet
the bulinding & land.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / s.srinu
The concept of depriciation refer to the process of
allocating the intial of fixed assets to several periods
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abdullah amer
Deprecitation is the decrease in the value of fixed assets
which are used in the business such deprection is to be
considered as an expense and decrease in the value of asset.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / karan gandhi
Depreciation actually means the value of an asset consumed during the year. this value is transfered to p&l a/c as an expense
| Is This Answer Correct ? | 0 Yes | 0 No |
When oustanding expense is give in the TB and corresponding expense is not then how will we the same? Eg.: Outstaning salary 100 given in the TB and salary for the month is not there to add oustanding with the same. In this situation how will we treat the same. Only in profit & loss account or in balance sheet or both or?
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6 Answers Morgan Stanley, Tops Technologies,
Audit 
