Can a private limited company prepare its financial statements without charging depreciation.
Requirement to provide depreciation
CA. Rashi Goyal (Chartered Accountant) (512 Points)
28 October 2011
1 Replies
CA RICHA BADALIA
(CA,CS)
(1682 Points)
Replied 28 October 2011
It is mandatory to charge depreciation under companies act.Compliance of Schedule XIV is necessary.
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