Interested to Buy Any Domain ? << Click Here >> for more details...
what is the entry for accumulated depreciation?n why it is
used?when it is necessary?
- 2 Answers
- 8229 Views
- OPI Global, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / srinivas sk
Every Year we depreciate the fixed assets value as per the
companies act as companies polacies dep is ( slm or wdm
methods ).
Accumulated deprciation entry is
Dr Depreciation A/c
Cr Provision for Depreciation A/c
( Being dep for the year accumuated )
| Is This Answer Correct ? | 16 Yes | 2 No |
Depreciation should be accounted every year, to know the
exact value of the asset as on particular date. it usefull
to resale of the asset also.
Depreciation a/c. (Indirect Expenses)
to Depreciation Reserve (Fixed Assets group)
(Being depreciation accounted for the year ....)
| Is This Answer Correct ? | 2 Yes | 5 No |
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
Pls let me know how to calculate TDS n on what basis is it done
Expand-------DDT
What is the trial balance
24 Answers A1 Technology, Capital IQ,
what type of invoices used in small companies-for the process of accounts receivable.
What is rules of depricaition in company act.or IT act.
What Is The Limitation Of Remuneration Allowed If Book Profit Is 375850 In A Business Firm And In A Professional Firm?
what are the purpose for the preparation of cost centre ?
Expand---------TSRM
Expand---------BCDE
What you mean by Accruals
pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS 400/ .SO THAT IS THE ENTRY
Audit 
