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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Accounting General interview questions  Accounting General Interview Questions (2782)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
What is Journal Entry of Depreciation ?
 Question Submitted By :: Triloksharma71
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 1
profit and loss account Dr
To concern depreciation assets account
 
Is This Answer Correct ?    23 Yes 26 No
Baaq
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 2
depreciation a/c.. dr

To asset a/c
 
Is This Answer Correct ?    71 Yes 3 No
Pradeep Gunuguntla
 
 
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 3
Depriciation A/C Dr. .......


To Assets A/C ............
 
Is This Answer Correct ?    42 Yes 1 No
Shahid Raza, Pgdm,l.b.s,g.noid
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 4
depreciation a/c dr
to asset a/c
 
Is This Answer Correct ?    27 Yes 2 No
Suraj
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 5
p&l a/c Dr.
To depreciation expense a/c

Depreciation expense a/c dr.
to accumulated depreciation a/c
 
Is This Answer Correct ?    11 Yes 12 No
Anjan Kumar
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 6
Plant and Machinary are fixed assests which are being used
for producing the goods, once the asset (P&M) is being used
for one year for production of goods it's effiency will be
decreased for the next year hence that asset value should
be reduced in the financial year end hence the reduced
value will be loss to the company so as per the Nominal A/c
Losses/Expenses always debit and if any assets value goes
out or reduce as per Real Account should be credit

Depreciation on P & M A/c Dr. xxxx

To Plant & Machinary A/c xxxx
 
Is This Answer Correct ?    26 Yes 2 No
K. Phalguna Rao
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 7
Depreciation a/c Dr.

To particular assets a/c
 
Is This Answer Correct ?    16 Yes 0 No
Rajanikanta Nath
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 8
DEPRICIATON A/C XXXXX
ASSET ACCOUNT XXXXX

AT THE YEAR END
P&L ACCOUNT XXXXX
DEPRICIATION A/C XXXXX
 
Is This Answer Correct ?    17 Yes 1 No
Anix
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 9
We have two pass two journal entries for depreciation.
One at the time of creation of depreciation:
Depreciation account Dr
To Particular Asset account Cr
at the end of the year for transferring depreciation to
Profit & Loss account:
Profit & Loss Account Dr
To Depreciation Account Cr
 
Is This Answer Correct ?    8 Yes 1 No
Suresh Raichur
 
  Re: What is Journal Entry of Depreciation ?
Answer
# 10
there are two bassic entries for depreciation m

depreciation a/c ..dr

to assets

depreciation a/c

to accumulated depreciation
 
Is This Answer Correct ?    5 Yes 2 No
Sudheesh
 

 
 
 
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For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
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