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What is Journal Entry of Depreciation ?
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Answer / pradeep gunuguntla
depreciation a/c.. dr
To asset a/c
| Is This Answer Correct ? | 111 Yes | 6 No |
Answer / shahid raza, pgdm,l.b.s,g.noid
Depriciation A/C Dr. .......
To Assets A/C ............
| Is This Answer Correct ? | 59 Yes | 3 No |
Answer / k. phalguna rao
Plant and Machinary are fixed assests which are being used
for producing the goods, once the asset (P&M) is being used
for one year for production of goods it's effiency will be
decreased for the next year hence that asset value should
be reduced in the financial year end hence the reduced
value will be loss to the company so as per the Nominal A/c
Losses/Expenses always debit and if any assets value goes
out or reduce as per Real Account should be credit
Depreciation on P & M A/c Dr. xxxx
To Plant & Machinary A/c xxxx
| Is This Answer Correct ? | 33 Yes | 6 No |
Answer / rajanikanta nath
Depreciation a/c Dr.
To particular assets a/c
| Is This Answer Correct ? | 25 Yes | 0 No |
Answer / anix
DEPRICIATON A/C XXXXX
ASSET ACCOUNT XXXXX
AT THE YEAR END
P&L ACCOUNT XXXXX
DEPRICIATION A/C XXXXX
| Is This Answer Correct ? | 27 Yes | 2 No |
Answer / suresh raichur
We have two pass two journal entries for depreciation.
One at the time of creation of depreciation:
Depreciation account Dr
To Particular Asset account Cr
at the end of the year for transferring depreciation to
Profit & Loss account:
Profit & Loss Account Dr
To Depreciation Account Cr
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / sudheesh
there are two bassic entries for depreciation m
depreciation a/c ..dr
to assets
depreciation a/c
to accumulated depreciation
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / anjan kumar
p&l a/c Dr.
To depreciation expense a/c
Depreciation expense a/c dr.
to accumulated depreciation a/c
| Is This Answer Correct ? | 16 Yes | 17 No |
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