Why depreciation is charged in P&L Account?
Answer Posted / sameer nirmal
Reason 1. It's Revenue Expenditure.
Reason 2. It's charged on Fixed Assets.
Reason 3. It's Decrease Value of Fixed Assets.
Therefore it's affect on profit & loss a/c. and it's
Debited in Profit & loss A/c.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is the relationship between, issued share capital, share premium and paid up capital?
does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP
Define Bill of Exchange
As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
What is DRA in bank reconciliation.
Expand MNS
Is depreciation a expense or income?
total capital stock
bank exam paper
what is controlership?
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
what salary you expect???