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.
- 3 Answers
- 4831 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
what is meant by ratio analasis
what is different between accouts receivable and billing?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
Why does the accounting equation have to balance?
what is BRS? How to prepare it?
What is the difference between General Ledger and Ledger?
what is t code of all expences general legder?
1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co gave 10% discount. give journal entries in the books of ABC Ltd and XYZ Ltd. 2) Goods bought for Rs.400000. While transporting goods destroyed. Insurance co agreed to pay 75%. post journal entries.
a buyer,purchases a for rs100, b for rs80, c for rs60 and mixed in ratio of 3:4:5 and sells @ 50% profit what wil be d price?
Do you know executive accounting?
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
Audit 
