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Provision for Depreciation How to show

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(Querist)
10 May 2022 why provision for Depreciation not shown in Profit and loss accounts , how to show in balance sheet.
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
10 May 2022 It's depreciation (expenses) charge to p&l account debit to depreciation provision credit.
In the balance sheet it's shown like this.
Fixed assets
Less provision for depreciation
Net fixed assets.
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Daya

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Daya (Querist)
13 October 2023 sir,
provision for depreciation accounting group.
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
14 October 2023 It's direct expenses group.

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