Depreciation in case of loss
This query is : Resolved
28 April 2010
What are the provision to charge depreciation in case company has incurred loss?
and in such circumstances can dividend be paid?
and in such circumstances can dividend be paid?
28 April 2010
it is irrelevent whether Company is doing propfit or loss to charge depreciation in books of accounts . Depreciation has to be charged even when Company is under loss.
28 April 2010
it is irrelevent whether Company is doing propfit or loss to charge depreciation in books of accounts . Depreciation has to be charged even when Company is under loss.
28 April 2010
But wht if loss is only due to charging depreciation?
28 April 2010
just because of that you cannot ignore charging depreciations. You have to charge depreciations ...but in financial reports you can show your Company position - like results before depreciations and results after depreciations..
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