What the Journal entry for Amortization
Answers were Sorted based on User's Feedback
Answer / salim
AMORTISATION A/C .................DR
TO INTANGIBLE ASSET A/C
Is This Answer Correct ? | 30 Yes | 5 No |
Answer / kumar
AMORTISATION A/C .................DR
TO INTANGIBLE ASSET A/C
Is This Answer Correct ? | 12 Yes | 3 No |
Answer / babhu kanchupalli
1.Amortization a/c Dr
To. Intangible asset a/c
(Being amortization made)
2.Profit&Loss a/c Dr
To Amortization a/c
(Being amortization tranfered to P&L a/c)
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / vikash khichar
Amortization a/c Dr
To Assets a/c
profit&loss a/c Dr
To Amortization a/c
Is This Answer Correct ? | 3 Yes | 0 No |
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