what is entry for depreciation?
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Answer Posted / suhas
Depriciation A/c
To Fixed assets A/c
Being depriciation comes in a nominal account rule and
rule of nominal a/c is dr all expenses and losses and cr
all income and gains
Asset comes in real a/c and the rule for real account is dr
what comes in and cr what goes out. thats after
depreciating the assets its value becomes to zero in the
end thats why the above entry.
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