what is the procedure to charge depreciation under
provision method? please pass the journal entres showing
provision method of depreciation.



what is the procedure to charge depreciation under provision method? please pass the journal entre..

Answer / bharat chandra das

when depreciation is taking on provisation in opening of
the year the entry is
deprecation a/c dr.
To provisition for depreciation a/c
(Being provisation for depreciation is taken)
when depreciation is transfered to p&l a/c

profit and loss a/c dr.
to depreciation a/c
(Being depreciation transfered to p&l a/c)

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