I want to know about treatment for accumulated depreciation
and entry for that
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 28 March 2013
Depreciation A/c Dr.------------------ t/f to P&L A/c
Accumulated depreciation A/c Cr.--- t/f To B/S
Accumulated depreciation is shown separately as deduction from Gross Block of Fixed Assets, as follows:
Fixed Assets(Gross Block)-----XXX
less: Accumulated depreciation XXX
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
