What is Accumulated Depreciation?

Answer Posted / gohar ali pugc

Accumulated Depriciation is a depriciation expense and the
expense which is inccured but not paid yet.
jounral entry:
depriciation expense debit
Acc: Depriciation credit

Is This Answer Correct ?    7 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?

1610


income from depreciated asset is profit or loss?

1005


What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?

1647


An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1523


total capital stock

1639






difference between vat 47 & vat 49

2700


What is Spin-off & spilts

1590


Clasify Loss

1606


Depreciation method to using Indian company names

1586


1. Fdr mature with interest

1362


define bank Draft

1823


purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest

1549


Short Answer on ________Adjusting Entries

1710


let me know the meaning and Nature of cash

1502


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1018