Depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2018 I have charged depreciation on fixed assets which make my trust's income and expenditure a.c. balance negative. Is it correct?

Nikhil Kaushik (Expert)
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20 March 2018 as long as you have charged the depreciation as per the correct rates, negative surplus is not a problem

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