give the general entry for Depriciation of machinary

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Question Posted / kirti

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give the general entry for Depriciation of machinary..

Answer / venkatesh

The general entry for Dep of Machinery

Depreciation A/c-----Dr
To Machinery A/c.

Is This Answer Correct ?

73 Yes

2 No

give the general entry for Depriciation of machinary..

Answer / rajesh

This is the Depreciation entry for Machinery

Dr Depreciation XXX
Cr Machinery XXX

Is This Answer Correct ?

57 Yes

6 No

give the general entry for Depriciation of machinary..

Answer / umesh tayal

Depreciation A/c Dr.
To Machinary

Is This Answer Correct ?

14 Yes

0 No

give the general entry for Depriciation of machinary..

Answer / saikrishna

dpreciatons A/C
TO mechinery A/C

Is This Answer Correct ?

17 Yes

8 No

give the general entry for Depriciation of machinary..

Answer / sumit kejriwal

Journal entry for depreciation on machinery

Depreciation a/c dr....
machinery a/c

Is This Answer Correct ?

13 Yes

5 No

give the general entry for Depriciation of machinary..

Answer / fareed

the entry is as per common syallabus

depreciation a/c dr
to machinery a/c

as per the indian accounting standard the entry has to
trasact.
depreciation on machinery a/c dr
to provision for depreciation a/c

the indian accounting standard saying that u should have to
mention actual cost of the asset and dedicat depreciation
cost in balance sheet

Is This Answer Correct ?

10 Yes

6 No

give the general entry for Depriciation of machinary..

Answer / charan

depreciation is permanent decrease of an fixed asset so it
is loss to the company. according p and l account debit
all the expences but we have to transfer dep to p and l at
the end of the year so the entry will be

depreciation a/c.........dr.
to machinary a/c

p&L a/c ...............dr.
to depreciationa/c.

Is This Answer Correct ?

8 Yes

4 No

give the general entry for Depriciation of machinary..

Answer / satyapal joshi

depriciation a/c dr.
to machinery a/c cr.

Is This Answer Correct ?

6 Yes

2 No

give the general entry for Depriciation of machinary..

Answer / sunil

1)
Dr. Depreciation a/c
Cr. Accumulated Depreciation - " machinery "a/c (an asset
side a/c with credit balance)

so the balance sheet would display as follows:

machinery xxxxxxxxx
less: accumulated depreciation xxxx

net: machinery a/c xxxxxx

:)

Is This Answer Correct ?

3 Yes

0 No

give the general entry for Depriciation of machinary..

Answer / kirti

thanks for answering this question.Ialso answered in the same
way but i was not sure now i will much better

Is This Answer Correct ?

7 Yes

5 No