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Answer / pradeep gunuguntla
depreciation a/c.. dr
To asset a/c
|Is This Answer Correct ?||111 Yes||6 No|
Answer / suraj
depreciation a/c dr
to asset a/c
|Is This Answer Correct ?||37 Yes||4 No|
Answer / k. phalguna rao
Plant and Machinary are fixed assests which are being used
for producing the goods, once the asset (P&M) is being used
for one year for production of goods it's effiency will be
decreased for the next year hence that asset value should
be reduced in the financial year end hence the reduced
value will be loss to the company so as per the Nominal A/c
Losses/Expenses always debit and if any assets value goes
out or reduce as per Real Account should be credit
Depreciation on P & M A/c Dr. xxxx
To Plant & Machinary A/c xxxx
|Is This Answer Correct ?||33 Yes||6 No|
Answer / rajanikanta nath
Depreciation a/c Dr.
To particular assets a/c
|Is This Answer Correct ?||25 Yes||0 No|
Answer / anix
DEPRICIATON A/C XXXXX
ASSET ACCOUNT XXXXX
AT THE YEAR END
P&L ACCOUNT XXXXX
DEPRICIATION A/C XXXXX
|Is This Answer Correct ?||27 Yes||2 No|
Answer / suresh raichur
We have two pass two journal entries for depreciation.
One at the time of creation of depreciation:
Depreciation account Dr
To Particular Asset account Cr
at the end of the year for transferring depreciation to
Profit & Loss account:
Profit & Loss Account Dr
To Depreciation Account Cr
|Is This Answer Correct ?||14 Yes||1 No|
Answer / sudheesh
there are two bassic entries for depreciation m
depreciation a/c ..dr
to accumulated depreciation
|Is This Answer Correct ?||13 Yes||5 No|
Answer / sam
Depreciation A/C Dr.
to Asset A/C
|Is This Answer Correct ?||9 Yes||2 No|
Answer / anjan kumar
p&l a/c Dr.
To depreciation expense a/c
Depreciation expense a/c dr.
to accumulated depreciation a/c
|Is This Answer Correct ?||16 Yes||17 No|
what is enty of income tax paid by company.& what is group of income tax paid.
What is difference between provisional and projected balance Sheet
What do you mean by prepration of Balance sheet? how to explain this with example, please tell me if anybody knows this.
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
what is mean by preliminary balance sheet and how did prepare the balance sheet what is the meaning of single entry & double entry system
Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass a journal entry for this
whats difference between manufacturing account & cost account
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
Discuss the consistency concept in accounting
What is the difference between Capital and Total Equity in a Company?
What is 'Rights Issue' ?