is depreciation a expense for company?why it is charged to
p/l a/c?
- 6 Answers
- 11086 Views
- I also Faced
- E-Mail Answers
Answer Posted / deepak jha
Depriciation is the allocation of the whole cost of an
asset to its useful life. The amount of depreciation is
charged in the p/L account,so that when the useful life of
an asset is over the amount allocated earlier can be used
to replace the new asset.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
what is tds rate of WCT applay for sale tax ragistard company.
hi.this krishan .i m slect in axis bank for executive. when i sposse to join
Anyone whose sbi interview has been over , please share all the question asked by them
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
what is new updates in account
what is your achievements?
tell me about roll model as father
plz send me the accounting questions and answers of bank of america.
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
