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what is entry for depreciation?
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Answer / wali rehman
depreciation exp will be debit
acc depreciation of particular asset will be credit
some accountant direct credit particular asset account
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / dharmesh parmar
Depriciation A/C Dr.
To Fixed Assets A/c
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / shahbaz
DEPRICIATION ACCOUNT ( DEBIT )
ACC. DEPRICIATION ACCOUNT ( CREDITE )
AND
DEPRICIATION ACCOUNT ( DEBIT )
ASSETS ACCOUNT ( CREDITE )
BOTH ARE CORRECT
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pramod
Depriciation a/c ------Dr ***
To Assets a/c ***
(being depriciation charges of assests i.e.Computer,plant &
machinery,vichel,)
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pooja
1)Depreciation A/C dr
To Fixed Asset A/C
(Being depreciation charged @ ---% for the year)
2)P & L A/C dr
To Depreciation A/C
(Being Depreciation charged to P & L A/C)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / joanna
To record a depreciation, a contra-asset account called
accumulated depreciation has to be created. So the entry is
depreciation expenses Dr
accumulated depreciation Cr
The asset to be depreciated will be still showing in full
amount in Balance sheet under assets. However, accumulated
depreciation will be showing under this asset to reduce the
existing value. The accumulated depreciation account will
not disappear until the asset is sold or being written off
fully.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ali
Depreciation Ac. Debit
Accumulated Depreciation Ac. Credit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kannanslm
I agree with sinduja.r
first make a entry for Depreciation, and take the effect as expenses in P/L
Depreciation A/c Dr
To Fixed assets
P/L A/c Dr
To Depreciation Account
| Is This Answer Correct ? | 2 Yes | 0 No |
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