What is Journal Entry of Depreciation ?
Answers were Sorted based on User's Feedback
Answer / pradeep gunuguntla
depreciation a/c.. dr
To asset a/c
Is This Answer Correct ? | 111 Yes | 6 No |
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 |
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 assets
depreciation a/c
to accumulated depreciation
Is This Answer Correct ? | 13 Yes | 5 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 the diffrence between General Exp. & Misc. Exp?
Tell one entry that should be personal account,real account,nominal account..
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Where a cash discount should be recorded in a journal entry?
Do you think there is any difference between inactive and dormant accounts?
Differentiate between consignor and consignee?
Labour charges paid to labour party on tds rate ? May be deductable ? Example Iron purchase 16.500 mt. Per ton broking charges 200.00
capital is a assets but its shows in liability side. why?
what is addition of Opening Balance and net profit transfered from profit and loss account called
Ramu started business with rs 1000000.give me journal entry. plz explain brefily
what is direct expensive?
when we compare to bank statement with the our pass book the enteries are opposite why this happens?