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What the journal entry pass for appreceation
Fixes asset Dr
Cash/Bank/Supplier Cr
Is i m Wright
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Answer / suresh.chepuri
Appreceation increas es the asset value and it should shown
in the Realization A/c
Fixed Assets a/c Dr
to Realization a/c
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / praan
when the appreciation fixes asset i think it is the
addition of the asset so it is an expense so it is
Expense for appreciation A/C Dr
To cash/ Bank A/C
| Is This Answer Correct ? | 6 Yes | 7 No |
Answer / rajukharade@yahoo.com
fixed asset a\c dr
To profit on appreciation a\c
| Is This Answer Correct ? | 2 Yes | 4 No |
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