Interested to Buy Any Domain ? << Click Here >> for more details...
Depreciation is asset or liability?
- 9 Answers
- 40445 Views
- JPMorgan Chase, I also Faced
- E-Mail Answers
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
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
how to entry in tally for other person check received
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
what is data entry? what is report generation ?in accounting how it is used .
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
EXPAND_________SCM
Short Answer on _____________Accident Insurance
what is book profit
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
what is pre post expenses
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
Who is the maker of the promissory note
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
