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Journal entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 January 2014 can anyone tell me the journal entry to be passed in the books of trust for writing off an asset which had no value. example in books its shown as 2500 and it is not at all usable now. how may i go with jornals? thanks in advance.
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@VaibhavJ

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@VaibhavJ (Expert)
24 January 2014 Hi

You can Credit Asset A/c & debit it to Depreciation A/c

Thx
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2014 Sir can you pls explain the claiming of depreciation in trust accounts
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