Inter 2nd year depreciation accounting important questions
We provide intermediate 2nd-year accountancy about the topic depreciation. The experts will explain the simple step by step explanations. Every business acquired fixed assets to use in their business over a period of time. These assets can be availed for a long period of time because of their regular use of continuous wear and tear occurs and consequently fall in their value. This fall in the value of fixed assets due to expiry time or regular use is termed as depreciation. You can get complete information about the whole concept of depreciation accounting for intermediate students.
The need for depreciation are:
- To ascertain true net profit or a net loss.
- To show a true view of financial statements.
- To show the accurate cost of production.
- To provide funds for the replacement of assets.
- Distribution of dividends out of profit.
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We provide practical solutions, exercises for inter 2nd-year classes you can practice before your final exams, and gain a good score in your exams. Onlinebadi.com is the best learning website for all students. We provide previous year questions, study materials, and important questions. Our page always helps the students with conceptual learning guided by experts. You can clear all your doubts regarding the subject and download the inter 2nd year accountancy study materials pdf for free. Our important concepts will be useful in your further studies. You can also share intermediate depreciation accounting with your friends. Keep in touch with us and we will be updating the information regarding the accountancy subject.