Answer / wali rehman

depreciation exp will be debit
acc depreciation of particular asset will be credit

some accountant direct credit particular asset account

Answer / dharmesh parmar

Depriciation A/C Dr.
To Fixed Assets A/c

Answer / shahbaz

DEPRICIATION ACCOUNT ( DEBIT )

ACC. DEPRICIATION ACCOUNT ( CREDITE )

AND

DEPRICIATION ACCOUNT ( DEBIT )

ASSETS ACCOUNT ( CREDITE )

BOTH ARE CORRECT

Answer / pramod

Depriciation a/c ------Dr ***
To Assets a/c ***

(being depriciation charges of assests i.e.Computer,plant &
machinery,vichel,)

Answer / harsh sharma`

depreciation debit
acc. dep. credit

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)

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.

Answer / ali

Depreciation Ac. Debit
Accumulated Depreciation Ac. Credit

Answer / faisal

Depriciation Charges A/c Dr,
To Accumulated Depriciation

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

Can anyone tell me that when we purchases a fixed asset like Machinery its our capital Expenditure and after acquetion of this assets the expenses like unloading loading, and some other parts for reparing purchase for this in which account i have to enter.

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