why do we make provision for depreciation ??? wy dont we provide direct depreciation??
2 Replies
S Gupta
(Finance Manager)
(92 Points)
Replied 03 July 2012
Hi
Are u working for a company, if yes the same prescribed by Schedule VI otherwise you can direct debit to asset account at the year in case of partnership firm etc.,
sam khan
(nothing)
(21 Points)
Replied 04 July 2012
we cant make direct depr becoz provision for depr is the assumption not accurate....
Recent Topics
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
