Answer / bhaskarjob

1) deduct depreciation from particular assets
2) profit and loss accounts credit side

Answer / shubhchintak

Dear Satyaki_raju@yahoo.com i do totally agree with the
answer of Ali Asad and of the teacher, they both explained
the depreciation in a way that every can understand it very
well. and about your answer, your answer is also correct
but to extent of examz.While the method used in pracicle
life is the method explained by teacher & Ali Asad. further
more i would like to request you to kindly encourage the
people rather than being rude with their answer.

Dear Ali Asad & Teacher i will erquest you to keep posting
your answer on all the question.

Answer / sunil

Depreciation A/c Dr

To Asset Account


(Becing Depreciaton charged on asset)

Answer / deepak kumar polai

Calculate 10% Depreciation on Furniture By Using Straight Line Method.cost Furniture 10000, Installation 500. its total life 10 year.
Ans.10000+500/10=1050

Depreciation A/c Dr. Rs. 1050
To Furniture A/c Rs. 1050
(Being 10% Depreciation charged on furniture)

Answer / sreekanth

for depreciation

depreciation a/c Dr
to fixed asset(land,buildings,machinery etc)

Answer / shylaja

depreciation a/c dr
to concerned asset

when ever depreciation is charged on an asset, the value of
that asset goes down.in order to reduce the balance of the
asset account should be credited.

Answer / nikhil

Deprication account Dr
To Fix Assets account

2nd Entry will be

Profit & Loss account Dr
To Deprication account

Answer / paluri veera bhadra rao

Depreciation is Loss so. This one is Taken on Debit side.

As Per Accounting Basics . All Losses & Expneses Debit

All Gains & Income Credit.

So coming to Entry. Depreciation is Dr
Fixed Assed Vehile. Computers Cr

Answer / faisal pari

Real Entry Is


Depreciation Charges A/c Dr,
To Fixed Asset

Or

Deperciation Charges A/c Dr,
To Acqumulated Deperication
(((Both Entry Are coorected)0

Answer / deepak kumar polai

Example for Depreciation.
Depreciation A/c Dr.
To Fixed Asset A/c

what is meant by mid-cap?

2 Answers  

(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese

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