give the general entry for Depriciation of machinary
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Answer Posted / charan
depreciation is permanent decrease of an fixed asset so it
is loss to the company. according p and l account debit
all the expences but we have to transfer dep to p and l at
the end of the year so the entry will be
depreciation a/c.........dr.
to machinary a/c
p&L a/c ...............dr.
to depreciationa/c.
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