Is it neccessary to take provision for depreciation every month.
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Provision for depriciation
Replies (2)
If you are making monthly statements (ie, P&L A/c and B/S) to find the exact net profit, then you can provide the depreciation monthly.
Regards,
Devendra
As rightly said by Devendra, if you r preparing monthly statements, provision for depreciation to be considered. In case of Companies, every month end, before the GL closure, depreciaion run will take place in the system to account for the respective month's depreciation.
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