Accounting Question:

Download Job Interview Questions and Answers PDF

What is depreciation and how many types are there. Please give details?

Accounting Interview Question
Accounting Interview Question

Answer:

Depreciation and its types: Depreciation means reducing/lowering value of an asset because of its use. Like machines/vehicles gets rusty/slow because of consistent use.

Download Accounting Interview Questions And Answers PDF

Previous QuestionNext Question
What is the dual aspect concept?What is cash flow and fund flow?