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what is entry for depreciation?

Answer Posted / abir

let, we should find depreciation on machine


Machine Dr.
Cash/Bank Cr.
(To buy a machine)


Depreciation Expense Dr.
Accumulated Depreciation Cr.
(To count depreciation)


Depreciation Expense Dr.
Profit & Loss Account Cr.
(To show depreciation on P/L account)

Is This Answer Correct ?    4 Yes 9 No



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