Can u please give me a proper example of how genral entries
of depreciation are recorded like if depreciation expense
is ONE HUNDRED and acc.dep is two hundred how we will
record that?
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Answer / dipak shah
Depreciation expense account Dr. 100
Accumulated Depreciation account Cr. 100
( Being depreciation expense provided )
Accumulated depreciation account will show credit balance
of 300/- after passing above journal entries and at the
month end or year end this balance will get deducted from
original value of assets.
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