Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Depreciation charged in P&L a/c
and the Depreciation deducted from Assets' value in Balance
Sheet, in an accounting period?
- 2 Answers
- 7442 Views
- ABC, Thomson Reuters, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / khaleel
In P&L depreciation is shown as expense however, in balance
sheet it is deducted from the asset.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / rakesh
there is no much difference between the dep charged in p&l and amount deducted from assets from the balance sheet.like EX:
when doing final accounts the adjustments are made to do the balance i.e., firstly we have to deducte the amount from the assets and then we have to repeat the same in the p&l a/c.
| Is This Answer Correct ? | 5 Yes | 4 No |
treatment of P&L A/c 's balance in trial balance and balancesheet
what is taxation
What is the difference between reserve and provision.
What is the trial balance
24 Answers A1 Technology, Capital IQ,
what is cost of goods sold ?
Canu send me account aptitude questions
Expand-------BACD
describe the most complex challenge that you have faced and how you managed it
what are tangible assets?
What is the difference between Manufacturing Account and Trading Account?
what entry to be passed if we have import item from supplier but in the trasaction some items were broken but we have not claimed to insurence co & the broken items we have purchased from local supplier & the value of broken item is not refundable from first supplier. in this condition ??? Pls help me
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
Audit 
