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give the general entry for Depriciation of machinary
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Answer Posted / 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
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