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Does depreciation appear in the above ac ?
Meda Jeevansai
CA Inter
★ 20K+
15-Feb-21 08:57
312
Answers (2)
Best Answer
No.it appears in income and expenditure account. Receipts and payments ac involve only summary of actual cash transactions
Sai Teja
CA Final
★ 14K+
16-Feb-21 20:42
No
CA Suraj Lakhotia
Admin
15-Feb-21 10:33