Answer Posted / ameet narayankhedkar

Depreciation refers to two very different but related concepts:

1. the decrease in value of assets (fair value
depreciation), and
2. the allocation of the cost of assets to periods in
which the assets are used (depreciation with the matching
principle).
The former affects values of businesses and entities. The
latter affects net income.

The depreciation will be calculated from the date of
purchase of an asset.

how to do asset appreciation in sap?

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What are mis reports and how do you prepare it?

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If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

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discuss seperate determination concept

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Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.

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Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

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How does accounting contribute to the community?

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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

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what are the voucher entries for depreciation in tally and when?

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What is an accounting transaction?

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Difference between depreciation according to cost principle and matching principle

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What is a business transaction in accounting?

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Explain purchase day book.

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What is the distinction between cost accounting and management accounting?

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How do you maintain accounting accuracy?

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