CA (Ahmedabad Bhilwara Chittorgarh)
4128 Points
Posted on 07 November 2010
amortization of expences : it just like a depreaciation on fixed assets
as we know in balance sheet except physical fixed assets & current assets some more items also there
& these names are preliminary exp , goodwill, patents, copyright etc due to AS and other principals of accounts everyear we reduce equal amount from these accounts . this is called amortization of expences