Interested to Buy Any Domain ? << Click Here >> for more details...
is depreciation a expense for company?why it is charged to
p/l a/c?
- 6 Answers
- 10960 Views
- I also Faced
- E-Mail Answers
Answer Posted / ullas patil kulkarni
Eventhough Depreciation is charged in the P&L a/c as an
expenses, it is not really expense spend by the company, it
is a benifit for the company for its assets which is
reducing in the nature of its value. it is really not an
expenses but co. charged this to P&L a/c to save its TAX.
It is charged to P&L a/c beacause being depreciation is an
expenses all expenses and losses are Debited(nominal a/c)
to P&L a/c
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
what is sevice tax? on what service tax is applicable. explain with examples?
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
shares journal entries
What do you mean by Green-shoe option?
What is Accounting on Computers
What is the Assets & Liabilities?
Expand SOIT
1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation
Clasify capital
objective of accounting
Why you want to leave your present job while they offer you with good offer?
Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?
WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY
Please send me full details of MIS report how to prepare which item to be consider in MIS report? 2) full details of Esic, PF and Fbt and maharashtra labour welfare fund
