Concepts

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:30AM in AAT student discussion
Can someone confirm the following concepts for depreciation.<BR><BR>My understanding is:<BR><BR>Accumulated Depreciation - Accrual<BR>Depreciation - Consistency<BR><BR>Thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Concepts

    also on depreciation is matching, matching the cost of asset used against the income received in the same period
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Concepts

    Thanks for that Monkey. I'll have to think of a question you don't know the answer to.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Concepts

    im sure there are plenty

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