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What is amortisation

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(Querist)
28 October 2008 Can you please explain what is amortisation of an Asset in point of view of accounts?????????
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jaygulani

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jaygulani (Expert)
28 October 2008 whenever due to time, value of assets reduced. It is called amortisation. And whenerver due to use of assets, its valued is reduced, it is called depreciation.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
29 October 2008 Amortization means paying back.

The manner of payback of the investment in an asset is called amortization.
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