what is depreciation, what isdouble entry,alltypes of
assets,alltypes of liabilities
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Answer Posted / rajesh
depreciation: an increase in the value of the asset is
called depreciation
double entry: any transaction entering both debit side and
credit side is caled doublr entry.
assets: current assets, fixed assets, liquid assets,
intangible assets.
liabilitirs: current liabilities, fixed liabilities
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