The Portion of the acquision cost of the asset, yet to be allocated to P/L A/c is known as ________?
1)Book value 2)Accumulated value 3)Realisable value 4)Salvage value
I think it must depreciation of asset during the year must debited to P&L a/c
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Replies (1)
i feel its book value as all the acquisition cost first acculated in balance sheet & after that every year some portion of it charged to p&l account to write off the asset,hence accumulted value before writing of dep is called as book value
wait for other suggetion
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