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what is the procedure to charge depreciation under
provision method? please pass the journal entres showing
provision method of depreciation.

Answer Posted / bharat chandra das

when depreciation is taking on provisation in opening of
the year the entry is
deprecation a/c dr.
To provisition for depreciation a/c
(Being provisation for depreciation is taken)
when depreciation is transfered to p&l a/c

profit and loss a/c dr.
to depreciation a/c
(Being depreciation transfered to p&l a/c)

Is This Answer Correct ?    8 Yes 1 No



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