Depreciation as per companies act
This query is : Resolved
CA. Santosh Jain
(Querist)
22 April 2009
if an company chreged depreciation on a assets from the month when its ready for use before making the entry in accounts. Is it correct.
For a example : Date of entry is 12-12-2008 and bill date is 11-11-2008 and charged depreciation from the month of Nov. 2008 as in this month assets was ready for use.
Is it Correct ?
For a example : Date of entry is 12-12-2008 and bill date is 11-11-2008 and charged depreciation from the month of Nov. 2008 as in this month assets was ready for use.
Is it Correct ?
22 April 2009
Yes, it is absolutely correct
Manmohan ACA, CS
(Expert)
22 April 2009
Yes
Taranjit Singh
(Expert)
22 April 2009
Correct
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