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Depreciation

This query is : Resolved 
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Guest

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Guest (Querist)
23 December 2010 1) Can depreciation come to the CREDIT of Profit & Loss A/c? (Is there any Depreciation received concept?)
2) If yes, under what circumstances?
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
23 December 2010 IN CASE OF CHANGE IN DEP METHOD EFFECT OF EXTRA DEP CAN BE CREDITED
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
24 December 2010 together with what gaurav said there can be any other alternate to cr the depreciation in P&L... as losses are always dr into P&L which is the genral rul eof accountibng...
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Nikhil Kothari

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Nikhil Kothari (Expert)
25 December 2010 Agree with above experts...
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