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Query on depreciation
Where surplus arising due to changein method of depreciation from slm to wdv will be disclosed in Profit and loss in Schedule 3 of Companies Act 2013
Replies (3)
yahh u are right.
such changes should quantified and disclosed, and should charge/credited to p&l as the case may be, and it should be treated as changes in AP.
such changes should quantified and disclosed, and should charge/credited to p&l as the case may be, and it should be treated as changes in AP.
Under which head sholud it be credited
it should be shown in Bs under reserve & surplus
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