Accounts query......

This query is : Resolved

vikas kumar (Querist)
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28 May 2014 Hello sir we have purchased an 10 Lenovo PC should I pass the depreciation entry for the same or not? what is the journal entry for depreciation please tell me?

Guest

Guest (Expert)

28 May 2014 yes you should pass depreciation entry on 31st march

and entry would be

depreciation dr.
to computer equipment.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 May 2014 entry for depreciation :
Depreciation on computer equipments a/c...Dr
To Computer Equipment a/c

Entry for transferring the depreciation to Profit and loss a/c:

Profit & Loss a/c......Dr
To Depreciation on computer equipments a/c

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