what is depreciation ? and its entries ?
Answer Posted / naveen yadav
depreciation mean it is a permanent degrease in the value
of asset .loss in the value of asset.
depreciation a/c dr
to fixed a/c cr
(being depresiation on fixed asset)
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What are its characteristic features of financial accounting?
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
What are the various systems of accounting? Explain them.
Is push down accounting accepted under generally accepted accounting standards?
Types of errors in account
What other careers are you considering?
Explain what is liabilities and what all does include in current liabilities?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
Why do you want to be an accountant?
How use Budget in SAP, i want to see the report of variant between budget and actuals.
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
What does overhead mean in regards to accounting?
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?