What do you mean by depreciation?

Answer Posted / rabindra kumar mallick

Depreciation means permanent, continuing & gradual
decreasing value of a fixed asset.

Is This Answer Correct ?    11 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the basic assumptions in accounting?

684


Which accounting applications are your familiar with?

601


What does a demo/presentation need to be effective?

552


What information do you require before you approve an invoice for payment?

719


How can I put Bank Guarantee Receipt entry in Tally ERP9?

3320






Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs

684


What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify

1240


what is tribal area allowance means

2710


How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)

1477


What are the nine accounting cycles?

660


while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2000


salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

1124


are tpt, freight & packing charges part of sales & purchase ??

1715


What is a cpa?

696


Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.

2507