Depreciation.....
This query is : Resolved
12 August 2017
Dear Sir / Madam.,
A Pvt Ltd Company's business transactions also Profitable. But, After depreciation it gone to loss.
My questions are.,
1. The depreciation calculation is compulsory or not....?
2. Now, The situation the company is loss. Actually it's Loss or not in the business transactions and the business......?
12 August 2017
Yes depreciation calculation is mandatory as per companies act.
Depreciation is claimed on business assets hence it is business loss.
Another aspect is when you go for loan they consider depreciation as non cash loss.
VK
Depreciation is claimed on business assets hence it is business loss.
Another aspect is when you go for loan they consider depreciation as non cash loss.
VK
Message likes :
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12 August 2017
Thank you for the Reply Sir...
In case we can't apply the depreciation then what are problem ll be from department....?
please it's just my knowledge only....
sorry for the misuse your time...
12 August 2017
Then the auditors should qualify his audit report and there are some or penal provisions.
VK
VK
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