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Answer Posted / deepak r.waghulkar
Depreciation means reduction in the cost of tangible asset
due to the expenses incurred by the company which is
allocated over a perticular time or years i.e.if a company
brought a machinary worth Rs. 1 Lac such machine's cost
after 10 years will be different so to adjust the current
cost of the machinery after 10 year,every year the co.
would have to dedect the certain amount from the cost of
the machinery such dedcted amount is called depreciation
every country have a different % of Depreciation rate
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Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
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