how do we pass the Entry for Depreciation?
Answers were Sorted based on User's Feedback
Answer / naresh shetty
Depreciation A/c Dr
To Asset A/c
Transfer Entry
Profit & loss A/c Dr
To Depreciation A/c
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / raghu.aps eveing v b.com
Depreciation A/c Dr
To Assets a/c Cr
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / raghu.aps eveing v b.com
its very simple question
Depreciation A/c Dr
to Assets(UPS) a/c
{Being Depreciation Charged on UPS @ 80%)
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / y.rama krishna
The journal entry for depreciation is
Depreciation a/c dr
To asset a/c
(Being depreciation provided on asset)
At the end of the year
Profit
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / divyagirantla1995@gmail.com
Depriciation a/c
TO Name of the asstes
Is This Answer Correct ? | 0 Yes | 0 No |
what are different inventory and stock.
give me some simple examples of personal account, real account, nominal account
If we don't use Contra Book, instead which book is to be operated CASH BOOK or BANK BANK for: e.g.Cash withdrawl from Bank or Cash deposited in Bank
What is the difference between accounts and finance ?
What are the various systems of accounting? Explain them.
what is contingent liabillity ?
what are the steps for the payment cycle of the firm or company?
Why don,t show the Closing stock in Trial Balance.
What does overhead mean in regards to accounting?
What is the difference of cost accounting and financial accounting?
what is insurance? And Type of insurance?
what is meaning of npv(net present value)