Depreciation is asset or liability?
Answer Posted / sachin tapse
Depreciation is nominal account and is always debited to
P&L A/c. It is shown in B/s Asset side as "Fixed asset
less depreciation". So, it can't be asset nor liability
also it is a permanent and gradual decrease in the value of
asset(non-trading expense).
Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
Expand----------MTSC
Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?
please provide wct retun guide line how can prepaire that
what type of questions are asking for fund administration???
what is the main difference between nse & bse operations
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
What is the New GL concept? how do you configure new GL a/c?
Which Invoice issued on Central Sale Commercial or Retail?
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
what is Ratio Analysis ?
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
what is dieerence between capital cpapital structure
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
cash sales and credit sales both are asset or liability?