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What is Journal Entry of Depreciation ?

Answers were Sorted based on User's Feedback



What is Journal Entry of Depreciation ?..

Answer / pradeep gunuguntla

depreciation a/c.. dr

To asset a/c

Is This Answer Correct ?    111 Yes 6 No

What is Journal Entry of Depreciation ?..

Answer / shahid raza, pgdm,l.b.s,g.noid

Depriciation A/C Dr. .......


To Assets A/C ............

Is This Answer Correct ?    59 Yes 3 No

What is Journal Entry of Depreciation ?..

Answer / suraj

depreciation a/c dr
to asset a/c

Is This Answer Correct ?    37 Yes 4 No

What is Journal Entry of Depreciation ?..

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

What is Journal Entry of Depreciation ?..

Answer / rajanikanta nath

Depreciation a/c Dr.

To particular assets a/c

Is This Answer Correct ?    25 Yes 0 No

What is Journal Entry of Depreciation ?..

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

What is Journal Entry of Depreciation ?..

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

What is Journal Entry of Depreciation ?..

Answer / sudheesh

there are two bassic entries for depreciation m

depreciation a/c ..dr

to assets

depreciation a/c

to accumulated depreciation

Is This Answer Correct ?    13 Yes 5 No

What is Journal Entry of Depreciation ?..

Answer / sam

Depreciation A/C Dr.
to Asset A/C

Is This Answer Correct ?    9 Yes 2 No

What is Journal Entry of Depreciation ?..

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

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