Class 11 Accounts: Depreciation & Provision for Depreciation Explained

Welcome to Success Mantra CA Manish Kalra! In today’s video, we will be diving into one of the most important topics in Class 11 Accounts — Provision for Depreciation. Depreciation is a crucial concept in accounting, and understanding how to calculate and create a Provision for Depreciation is key to managing assets and their value over time. In this video, we will explain the definition of depreciation, how to calculate it, and how to create a Provision for Depreciation in your financial statements. What You Will Learn in This Video: Introduction to Depreciation and its types (Straight Line Method & Written Down Value Method) The concept of Provision for Depreciation and why it is necessary Step-by-step guide on how to calculate Provision for Depreciation The impact of depreciation on financial statements and how to account for it Common mistakes to avoid while calculating depreciation Whether you're studying for your Class 11 exams or just looking to strengthen your understanding of accounting principles, this video will help you grasp the concept with ease. Make sure to like, share, and subscribe for more insightful lessons on accounts, business studies, and other subjects. #Class11Accounts #ProvisionForDepreciation #Depreciation #AccountingConcepts #SuccessMantra #CAManishKalra #Accountancy #StudyTips #AccountsRevision