HomeAccounting Basics


These terms are often used as synonymously of . But each of them has its special meaning and significance.

  1. Depreciation: The term depreciation is used when decrease in the value of a physical asset like plant and machinery,furniture or building is to be recorded.
  2. Depletion: The term depletion is applied to the process of measuring and recording the exhaustion of natural resources such as mineral mines,oil wells,sand quarries, etc.
  3. Amortization: The term amortisation is applied to the process of writing-down long-term investments in tangible assets such as leaseholds,patents,copy rights,trade marks,goodwill,etc.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!

Related pages

duplicate triplicate quadruplicatetally invoicedefinition of debit notedefinition of debtors and creditorswhy do we prepare bank reconciliation statementjournal entry narrationwhat is tds meaningwhat is discount allowed and discount receivedcorporate identity number cin of companysample of adjusting entriestally 9 erp downloadmeaning of credit and debit in accountingtds reconciliation formatjournal entries for fixed assets accountingwhen tds will be deductedkannada to tamil learningtds salaryexamples of contra accountsdefinition of suspense accounttally sample questionsrepeat shortcutunearned income in balance sheettally erp 9.0 free downloadtypes of indirect expensestds typesbest tally institute in hyderabadsundry creditorshdfc bank rtgstds calculation on service invoicestally software 9.0 free downloadmeaning of creditor and debtoraccrued and prepaid expensesnarration tipsaccrued interest on fixed deposittally accounting packagewhats a fixed assetsalaries expense debit or creditwhat is unearned income in accountingtelly bankthe accounting for cash discounts and trade discounts arekannada language tutorialinr 5000 to usdtally 9.0 versionbank reconciliation statement pdf notestally erp demotds exemption on salarytally 5.4 softwarejournal entry for accrued incometallied meaningerp bomhow to do bank reconciliationstds tax ratessundry debtors in accountingbank reconciliation notes pdfwhat is sundry assetsincome tax provision accounting entriesinput tax output taxrent tds ratevipin kumar guptatally erp 9 free download educational versionempty tally chartformat of trial balance in accountingwhat is kkcwhy is a trial balance preparedsalary is direct or indirect expenseaccounting ledger book formattally financial accounting programsales ledger debit or creditbalance confirmation mailbank overdraft accounting definitionhow to fill a bank chequeprepaid revenue journal entrytally professional coursedebentures definitionfull form of tallymeaning of the word debitpetty cash entriestally system definitionicici rtgs chargestds salary