what is entry for depreciation?
Answer Posted / abir
let, we should find depreciation on machine
Machine Dr.
Cash/Bank Cr.
(To buy a machine)
Depreciation Expense Dr.
Accumulated Depreciation Cr.
(To count depreciation)
Depreciation Expense Dr.
Profit & Loss Account Cr.
(To show depreciation on P/L account)
Is This Answer Correct ? | 4 Yes | 9 No |
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