what is depreciation ? and its entries ?

Answer Posted / yogeshd

Due to use of Fixed Asset their value is reduced that reduction in value is called depreciation

Depreciation A/c Dr.
To Asset A/c

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Is it possible contra entry in SAP FICO

1778


Under Accrual Accounting, How Are Worker Comp Premiums Handled?

664


What is BRS Adjustment entry?

3728


what is payment written

1559


What is an over accrual?

619






How is an accounting department structured?

647


What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

1596


Do you have any professional experience in this field?

642


Wha is difference between expenses and expenditure

1351


Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

1409


Explain an example of a tough decision you had to make quickly?

615


why you want to lecturer

1774


What is journalizing?

678


when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier

1425


What is the definition of accounting?

620