Sirs/Madams,
Can you please clarify what shall be the accounting treatment when Depreciation appears on the credit side of Trial Balance as: Depreciation on Machinery as on 01-04-2013- Rs. 5000. Whereas, Machinery A/c Balnce on trial balance is given on debit side as Rs. 50000. The Final acconuts have to be prepared for the Finalncial Year: 2013-2014.
Thnak You.