Can a private limited company prepare its financial statements without charging depreciation.
Requirement to provide depreciation
CA. Rashi Goyal (Chartered Accountant) (512 Points)
28 October 2011
CA. Rashi Goyal (Chartered Accountant) (512 Points)
28 October 2011Can a private limited company prepare its financial statements without charging depreciation.
CA RICHA BADALIA
(CA,CS)
(1682 Points)
Replied 28 October 2011
It is mandatory to charge depreciation under companies act.Compliance of Schedule XIV is necessary.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
