Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2012
Will depreciation recorded in books following cash basis? and Y?
03 July 2012
1. Depreciation is a non-cash expenditure and there is no outflow of cash in case of depreciation.
2. Depreciation shall be recorded in the books irerspective of the method of accounting followed by the assessee.
2. Depreciation shall be recorded in the books irerspective of the method of accounting followed by the assessee.
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