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nature of provision for depreciation a/c

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(Querist)
23 June 2016 What is the nature of provision for depreciation a/c sir is it real because of machinery a/c
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
11 July 2016 It is a nominal account as it is profit set aside for setting off future loss in the value of an asset, i.e. depreciation.

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