Depreciation

A/c entries 405 views 2 replies
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fm
55 Points Joined November 2013
If Dep. is shown in TB dr side as exp & there is no dep reserve or acuumlated dep in cr side & T/b is matched . then what will be the treatment of dep in b/s so that b/s can be tallied.
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On 15 November 2013 at 18:16 Report
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Chartered Accountant
86505 Points Joined April 2011
No treatment of dep is required. Show assets at their balance shown in TB in B/S
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On 15 November 2013 at 19:46
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Practice
425 Points Joined September 2009

That DR bal od Dep will be shown in P&L account. No other treatment is to be done.

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On 21 November 2013 at 18:02


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