28 April 2010
it is irrelevent whether Company is doing propfit or loss to charge depreciation in books of accounts . Depreciation has to be charged even when Company is under loss.
28 April 2010
it is irrelevent whether Company is doing propfit or loss to charge depreciation in books of accounts . Depreciation has to be charged even when Company is under loss.
28 April 2010
just because of that you cannot ignore charging depreciations. You have to charge depreciations ...but in financial reports you can show your Company position - like results before depreciations and results after depreciations..
CAclubindia
