Depreciation (sec.32)
This query is : Resolved
Mukesh Katara
(Querist)
26 December 2012
Please clarify.... In Depreciation (sec.32) of PGBP We have a term called Money's payable. What is the concept for that?
Our Institute study material explanation is confusing alot.. not understandable...
thanx in advance
Our Institute study material explanation is confusing alot.. not understandable...
thanx in advance
Pankaj Gupta
(Expert)
26 December 2012
I dont know the reason for using the word "payble". But this word should be read as" receivable" instead of payble. Then only the exact meaning of defenation will be derived.
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