Maharashtra State BoardHSC Arts 11th
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Answer in One Sentence:What is Depreciation? - Book Keeping and Accountancy

One Line Answer

Answer in One Sentence:
What is Depreciation?

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Solution

Continuous, gradual and permanent decrease in the value of a fixed assets due to factors like wear and tear, passage of time, etc. is known as Depreciation.

Concept: Balance Sheet
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
Exercise Q.1 | Q 9 | Page 316
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