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Depreciation (sec.32)

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26 December 2012 Please clarify.... In Depreciation (sec.32) of PGBP We have a term called Money's payable. What is the concept for that?

Our Institute study material explanation is confusing alot.. not understandable...

thanx in advance
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Pankaj Gupta

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Pankaj Gupta (Expert)
26 December 2012 I dont know the reason for using the word "payble". But this word should be read as" receivable" instead of payble. Then only the exact meaning of defenation will be derived.

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