what is depriciation

Answer Posted / suman rawat

Depreciation means,Your Fix Assets Value Decrease, as per
Company Act & Income Tax Act, define a fix percentage (%) of
Depreciation for a Particular Assets.

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the differences between Tally and Focus?

7389


what is the process of excise duty?

2027


what about case study

1675


i have need full detail of tds rules and forms submitted dovetails

1565


EXPAND_________SDJMC

1905






what are the financial ratios that a manager see in accounting?

1486


describe the most complex challenge that you have faced and how you managed it

1778


What is the process of VAT & CST Registration?

2003


What Question ask in MARKIT Company?

6508


Short Answer on ___________Finance Bill

1574


what are the difference between banking institutions and financial institutions?

1555


what are the different kinds of cash books

1596


Expand-------ANC

1778


sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest

1808


Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.

2401