Depreciation in case of loss

Save Share

This query is : Resolved

Vimal Kishor Singh (Querist)
Follow

19 September 2013 Dear Sir,
Is charging Depreciation mandatory in case of company having loss for the current year?

How we can present in notes to the Account?

Whethe there is any provision not to charge depreciation in case of Loss Company & make a disclosure in Notes to the account?

Thanks

Vimal Kishor Singh

Vimal Kishor Singh (Querist)
Follow

20 September 2013 If Company is making Loss, is it mandatory to charge depreciation as per Companies Act???

&

whether there is any provision about Notes, if not charging depreciation, if not charging as per Comp. Act???

Pls. Reply
Thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now