Depreciation
This query is : Resolved
27 November 2019
one partnership firm start from 01/04/2018 , 03/01/2019 one partner retired from partnership firm ,at the same date new partner admitted.in july month some furniture are purchased,so in this case 2 (profit and loss ,b/s )account are prepared like01/04/2018-02/01/2019,03/01/2019 -31/03/2019 .so i want to know at the period of 01/04/2018-02/01/2019 how much dep are charged on furniture?(op value of furniture 10000,new addition july month 5000)
27 November 2019
No matter for Partners retired or admitted. BS and PandL will be prepared base on transactions. Also Depreciation based on its usage and periods...
29 May 2020
Agree with @Raja PM Sir.
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