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1, How enter Accumulated Deprication Journal Entry, (Land&
Building Value 500000 AED, How to pass entry?

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1, How enter Accumulated Deprication Journal Entry, (Land& Building Value 500000 AED, How to p..

Answer / sameer

Depreciation a/c dr
to accumlated depreciation

dericiation will go to p&l. accumlated depriciations is a contra asset it will be shown on the balance sheet under fixed asset " less accumlated depreciation"
the reason for accumalted depriciation is to show in the balance sheet the book value of our asset and how much depriciation we have provided on this assest

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1, How enter Accumulated Deprication Journal Entry, (Land& Building Value 500000 AED, How to p..

Answer / syedghouse

Accumulated Depreciation on Land&Uilding A/c------Dr.
to Land&Uilding A/c

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1, How enter Accumulated Deprication Journal Entry, (Land& Building Value 500000 AED, How to p..

Answer / rajiv

Deprecition Account DR 500,000.00 -
FIXED ASSETS CR - 500,000.00

Is This Answer Correct ?    1 Yes 2 No

1, How enter Accumulated Deprication Journal Entry, (Land& Building Value 500000 AED, How to p..

Answer / venkata

accumulated depriciation a/c ..dr
to cash a/c

Is This Answer Correct ?    3 Yes 8 No

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