Answers the followings questions.
Who is payee?
What is Bills at Sight?
Why depreciation is not charged on land?
What is the accounting treatment of Interest on Drawings at the time preparing financial statement?
Why provision is charged on Debtors?
Answers
Answered by
2
Depreciation
DepreciationA charge on the value of fixed assets of a firm, depreciation usually entails writing down the cost of a fixed asset. This is done in lieu of the matching concept of accountancy. There are two main methods of charging depreciation, which is the straight-line method and the written down value method.
Answered by
1
Answer:
DEPRECIATION IS NOT CHARGED ONNLOAN BECAUSE THE VALUE OF LAND ARE INCREASE DAY BY DAY NOT DECREASE THEIR VALUE ALSO INCREASES
Similar questions