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Depreciation
If Dep. is shown in TB dr side as exp & there is no dep reserve or acuumlated dep in cr side & T/b is matched . then what will be the treatment of dep in b/s so that b/s can be tallied.
Replies (2)
No treatment of dep is required. Show assets at their balance shown in TB in B/S
That DR bal od Dep will be shown in P&L account. No other treatment is to be done.
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