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Depreciation entry is a journal entry made to record the decrease in value of an asset over time.
Depreciation entry is recorded in the general ledger to reflect the reduction in the value of an asset.
It involves debiting the depreciation expense account and crediting the accumulated depreciation account.
Depreciation entry is typically made at the end of an accounting period.
The amount of depreciation is calculated base...
Accruals are expenses incurred but not yet paid, prepaid are payments made in advance, and other accounting terms include depreciation, amortization, and journal entries.
Accruals are expenses that have been incurred but not yet paid for, such as salaries or rent.
Prepaid expenses are payments made in advance for goods or services, such as insurance premiums or rent.
Depreciation is the gradual decrease in value of an ass...
I applied via Naukri.com and was interviewed before Jun 2023. There was 1 interview round.
I applied via Referral and was interviewed before Sep 2022. There were 4 interview rounds.
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I applied via Walk-in and was interviewed before Jan 2021. There were 3 interview rounds.
posted on 3 Dec 2015
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