Poonawalla fincorp
Poonawalla fincorp

depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2010 Dear Sir/Madam

What is the journalentry for Depreciation when provision for depreciation exists?
(a) Dr. depreciation a/c & Cr.Asset a/c
(b) Dr. P&L a/c & cr. depreciation a/c
(c) Dr. Depreciation a/c & Cr. provision for depreciation a/c
(d) Dr. P&L a/c & Cr. provision for depreciation a/c

please tell which is the answer?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
18 December 2010 answar is C.

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