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what is the entry for accumulated depreciation?n why it is
used?when it is necessary?
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Answer Posted / 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 |
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