Depreciation

rahul (student) (62 Points)

18 May 2014

what is the journal entry of depreciation when provision for depreciation exists

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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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