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What the entry for Accumulated Deprecition??
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Answer / chandu.minumula
Depreciation A/c Dr...
To Accumulated Deprecition A/c
| Is This Answer Correct ? | 43 Yes | 3 No |
Answer / chandrakant
Accumulated Deperecition is decrease in th value of an
Asseset in Balance Sheet of over time.
Deperication A/c Dr.
To Accumulated Deprecition A/c
| Is This Answer Correct ? | 12 Yes | 1 No |
Accumulated Depriciation is not enteed in financial books.
It is requirement of AS-6.
Depreciation for the year is charged in financial books and
accounting entry is
Depreciation A/c Dr.
Fixed Assettes A/C Cr.
| Is This Answer Correct ? | 12 Yes | 9 No |
Answer / sravan
Accumulated depreciation should be charged to Assest a/c.
Acc.Dep A/c Dr
To Assest a/c
| Is This Answer Correct ? | 8 Yes | 6 No |
Answer / shiv koul
provision for depreciation or accumulated depreciation a/c Dr
To asset a/c
| Is This Answer Correct ? | 0 Yes | 4 No |
What will be the journal entry for the following - 1)Goods purchased from Mohan for Rs 5000 2)Goods purchased from Mohan on credit Rs 3000 3)Salary paid to Mohan 4)A sum of Rs 120 is realized on the sale of old furniture
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