Why depreciation is charged in P&L Account?
Answer Posted / naresh chowdary
depreciation is debited to p&l account why because every
fixed asste lossed its value every year because of their
usage so in accounting point of you it is treated as
expence and debited to p&l account
| Is This Answer Correct ? | 5 Yes | 5 No |
Post New Answer View All Answers
Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return
difference betwwen the 4.6 & 4.7 ecc versions
how to calculate share values of a company.
what is the difference between financial accouning and financial management?
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)
can any one send me payables real time scenarious or any projects
define fixed assets
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
what is crisil?what is the advantage of crisil rating?
What type of questions in accouting point of respect they ask genrally plz help me find out this.
state and explain THREE types of situation to which accounting concept might be applicable
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?