Where accumulated Depreciation appears - b/s or p&l. please
provide journal entry while accumulating and also while
using the fund for purchase of new assets.
Answer Posted / anshita dutta
When accumulating depreciation...
P&l a/c ....dr
To acc dep a/c
When using for purchase /sales of asset
Acc dep a/c ....dr
To asset a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Explain what is involved in the process of double-entry accounting?
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
What is aggregate Liabilities ?
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
Tell me what is working capital?
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
Entries to revenues accounts such as service revenues are usually?
if you are a hard working nature conclude your self?
Plz Ask from me New Accounting Questions.
Define fair value accounting?
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
What is liabilities and what all does include in current liabilities?
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
What is executive accounting?
sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,