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CA Vidhya (Querist)
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12 November 2008 when we provide depreciation for assets actually no cash is going outside.but we debit in p n l ac and reduce the amt from particular asset. so the balance sheet agreeing . but wat happens when the cash is not really going outside like other expenses?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 November 2008 Depreciation is the evaluation of the wear and tear of capital goods. It is provided in the accounts since it is a non cash expenditure. Moreover law also says depreciation is to be provided compulsorily in the accounts.

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