Easy Office
LCI Learning

Depreciation

This query is : Open 
Profile Image

Profile Image

(Querist)
30 September 2017 Dear experts / frns, while calculating depreciation for assets, if any of them damaged/ deteriorated/ lost / no use any more, how to show it in accounts? & how to put the entry for this?
Profile Image

Ashiwini Ballodia

Profile Image

Ashiwini Ballodia (Expert)
30 September 2017 Write off the asset if not required
Profile Image

Maya

Profile Image

Maya (Querist)
30 September 2017 Entry will be, "P & L A/c (Dr) to "Assets a/c
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Maya

Profile Image

Maya (Querist)
30 September 2017 is it correct?
Profile Image

Ashiwini Ballodia

Profile Image

Ashiwini Ballodia (Expert)
30 September 2017 Depreciation a/c DR to Asset depreciation will be under indirect expense
Profile Image

Ashiwini Ballodia

Profile Image

Ashiwini Ballodia (Expert)
30 September 2017 Alternative you may pass the entry Depreciation a/c DR to provision for depreciation
Profile Image

Maya

Profile Image

Maya (Querist)
30 September 2017 Thank you...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links