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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.

Answers were Sorted based on User's Feedback



Where accumulated Depreciation appears - b/s or p&l. please provide journal entry while accumu..

Answer / seetharaman

Acc dep will be deducted from gross block of FA in B/S, and
it will not come anywhere in p&l

Is This Answer Correct ?    2 Yes 0 No

Where accumulated Depreciation appears - b/s or p&l. please provide journal entry while accumu..

Answer / 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

Where accumulated Depreciation appears - b/s or p&l. please provide journal entry while accumu..

Answer / amar

Deprecation show in expenses side in P&L and deduct value in assets,this journal entry :
deprecation a/c dr.
to Assets

Is This Answer Correct ?    1 Yes 2 No

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