We need provisional balance sheet up to 31.12.2020 Please suggest How to charge deprecation. Can I divided into April to December or April to March 2021.
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Quick Summary
This discussion addresses the creation of a provisional balance sheet as of 31.12.2020. The main point of query is how to correctly calculate and charge depreciation for this period. The consensus reached is that depreciation should be calculated from April to December 2020.