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what is entry for depreciation?
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Answer / lingraj s kallur
depreciation a/c Dr 00000 -----
To cash a/c ----- 00000
(being depreciation charged on fixed assets)
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / abir
let, we should find depreciation on machine
Machine Dr.
Cash/Bank Cr.
(To buy a machine)
Depreciation Expense Dr.
Accumulated Depreciation Cr.
(To count depreciation)
Depreciation Expense Dr.
Profit & Loss Account Cr.
(To show depreciation on P/L account)
| Is This Answer Correct ? | 4 Yes | 9 No |
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