give the general entry for Depriciation of machinary
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Answer / venkatesh
The general entry for Dep of Machinery
Depreciation A/c-----Dr
To Machinery A/c.
| Is This Answer Correct ? | 73 Yes | 2 No |
Answer / rajesh
This is the Depreciation entry for Machinery
Dr Depreciation XXX
Cr Machinery XXX
| Is This Answer Correct ? | 57 Yes | 6 No |
Answer / sumit kejriwal
Journal entry for depreciation on machinery
Depreciation a/c dr....
machinery a/c
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / fareed
the entry is as per common syallabus
depreciation a/c dr
to machinery a/c
as per the indian accounting standard the entry has to
trasact.
depreciation on machinery a/c dr
to provision for depreciation a/c
the indian accounting standard saying that u should have to
mention actual cost of the asset and dedicat depreciation
cost in balance sheet
| Is This Answer Correct ? | 10 Yes | 6 No |
Answer / charan
depreciation is permanent decrease of an fixed asset so it
is loss to the company. according p and l account debit
all the expences but we have to transfer dep to p and l at
the end of the year so the entry will be
depreciation a/c.........dr.
to machinary a/c
p&L a/c ...............dr.
to depreciationa/c.
| Is This Answer Correct ? | 8 Yes | 4 No |
Answer / satyapal joshi
depriciation a/c dr.
to machinery a/c cr.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / sunil
1)
Dr. Depreciation a/c
Cr. Accumulated Depreciation - " machinery "a/c (an asset
side a/c with credit balance)
so the balance sheet would display as follows:
machinery xxxxxxxxx
less: accumulated depreciation xxxx
net: machinery a/c xxxxxx
:)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / kirti
thanks for answering this question.Ialso answered in the same
way but i was not sure now i will much better
| Is This Answer Correct ? | 7 Yes | 5 No |
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