Depriciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2013
I HAVE PURCHASED MACHINERY FOR RS 10 LAKHS. WHAT wILL BE ENTRY FOR DEPRICIATION AT END OF ACCOUNTING YEAR AND NARRATION . PLEASE GIVE DETAILS OF ENTRY & NARRATION FROM INCOME TAX POINT OF VIEW
02 October 2013
Depreciation a/c dr
To Machinery a/c
(Being depreciation on the machinery for the year at the rate of XX% charged)
OM SAI SRI SAI JAI JAI SAI
To Machinery a/c
(Being depreciation on the machinery for the year at the rate of XX% charged)
OM SAI SRI SAI JAI JAI SAI
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