what is motive behind create depriciation reserve? how to
pass journal entry in case of depriciation reseve?and how
it shows in the books of co.
Answer Posted / sanjiv
Motive is to create reserve for replacememt in the event of
loss.
Depreciation Dr to Depreciation Reserve
Depreciation charged to P & L. Reserve is shown as
liability.
Is This Answer Correct ? | 6 Yes | 0 No |
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