CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Cash Settlement with Retiring Partner

How is deprec...

Question

How is depreciation treated in the balance sheet?

Open in App

Solution

Depreciation is charged on the debit side of the balance sheet as it decreases the value of the asset over a period of time.

Also see:

MCQs on Depreciation

What Is Depreciation?

Suggest Corrections

thumbs-up

0

Similar questions

Q. Where the provision for depreciation account appears in Balance sheet?

Q. How is gst treated in trading and profit and loss account and balance sheet ?

At the balance sheet date, the balance in the Accumulated Depreciation Account is:

Q. Is Goodwill is written in the Asset side of the balance sheet what its mean and how it will be treated?

Q. How to treat if p and l appropriation is given in balance sheet liability side ?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Settling with the Retiring Partner

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Cash Settlement with Retiring Partner

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon