DEPRECIATION, , PROVISIONS & RESERVES
HELLO BOY! TODAY'S CLASS WILL BE HIGHLY ILLUSTRATIVE AND INTERACTIVE. YOU WILL LEARN THIS TOPIC BY WATCHING VARIOUS SHORT AND EXPLANATORY VIDEOS. LET US BEGIN WITH THE CONCEPT OF DEPRECIATION. WATCH THE VIDEO BELOW BY CLICKING ON THE LINK MEANING AND CONCEPT OF DEPRECIATION LET US NOW UNDERSTAND THE CAUSES OF DEPRECIATION. WATCH ANOTHER ILLUSTRATIVE VIDEO BY CLICKING ON THE LINK BELOW: CAUSES OF DEPRECIATION THE FOLLOWING VIDEO WILL LET YOU UNDERSTAND THE RECORDING OF DEPRECIATION IN THE ASSET AND DEPRECIATION LEDGER ACCOUNTS. WATCH THE VIDEO BY CLICKING AT THE LINK BELOW: STRAIGHT LINE METHOD RECORDING OF DEPRECIATION IN ASSET AND DEPRECIATION ACCOUN T. Recording of Depreciation Depreciation, being the loss on the value of fixed asset, is considered as an expense for a business. It should be properly recorded in the books of accounts in order to determine the correct figure of profit or loss. There are two methods for re...