what is difference between depriciation and depriciation
reserve ? how to treat depriciation in the books of accounts
Answer Posted / praveen.kp
depreciation is charged for wear and tear of assets. By
charging depreciation value of assets decreases.
Where as depreciation reserve is an amount kept to write off
depreciation. following are the entries
1.depreciation a/c dr
Asset a/c
2.Dep reserve a/c dr
depreciation a/c
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What are the 4 principles of gaap?
How many invoices on average do you handle on a weekly/monthly basis?
Describe a time when you have not met your goal?
what is capital reserve
cash credit taken from bank then what is the general entry?
credit card all entry pass in tally
What is meant by partitioning?
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
Tell me which accounting application you prefer most and why?
What is the difference between lc and bg(letter of credit
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
What is the difference between perpetual and periodic inventory systems?
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?