Depreciation
rahul (student) (62 Points)
18 May 2014
Deepak Gupta
(CA Student)
(15922 Points)
Replied 18 May 2014
Originally posted by : rahul | ||
what is the journal entry of depreciation when provision for depreciation exists |
Depreciation A/c Dr.
To Accumulated Depreciation A/c or Provision for Depreciation A/c
(Being depreciation provided for the accounting period)
praveen
(Chartered Accountant)
(6971 Points)
Replied 18 May 2014
Depreciation Ac ---- Dr.
To Provision for Depreciation / Depreciation Reserve / Accumulated Depreciation
[Being depreciation provided for assets for the year ended 31.03.20XX]
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Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 20 May 2014
agreed with above discussion
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