Is Depreciation an Asset or a Liability There is perfect answer of Is Depreciation an Asset or a Liability question: Depreciation is neither an assets nor a liability. It is a non-cash expense that represents the decrease in the value of a fixed asset over its useful life. It is recorded as an expense… Read More »
Are fictitious asset and deferred revenue expenditure are same No, fictitious asset and deferred revenue expenditure are not the same. A fictitious asset is a non-monetary asset that has no physical substance and cannot be seen or touched. It represents an expense that has been paid for in advance, such as prepaid expenses or deferred… Read More »
Depreciation expense or loss Depreciation is considered an expense in accounting, but it is not the same as a loss. In accounting, depreciation is the process of allocating the cost of a long-term asset over its useful life. It is an expense that represents the reduction in the value of the asset over… Read More »
Share capital Liability Share Capital Liability, Is Share Capital Liability? When discussing the financial structure of a company, the term “share capital” frequently arises. It represents the funds raised by a company through the issuance of shares to shareholders. While share capital is an essential component of a company’s equity, its classification as liability… Read More »
