Question

How to do the depriciation in accounting of 11th std of commerce working sum note?

Answer 1

In deprivation there are two method 1.straight line method

2.written down method

In straight line we charge depreciation always same like first one but don't forget to years 2. Written down in this we charge depreciation every year on new amount but don't forget years

Answer 2

Actual amt of assets ×interest÷100

Example:motor van amt ₹1500 and 10%depreciation on motor van

Solution-1500×10÷100

=150