Accounts query......
This query is : Resolved
28 May 2014
Hello sir we have purchased an 10 Lenovo PC should I pass the depreciation entry for the same or not? what is the journal entry for depreciation please tell me?
Guest
Guest
(Expert)
28 May 2014
yes you should pass depreciation entry on 31st march
and entry would be
depreciation dr.
to computer equipment.
and entry would be
depreciation dr.
to computer equipment.
28 May 2014
entry for depreciation :
Depreciation on computer equipments a/c...Dr
To Computer Equipment a/c
Entry for transferring the depreciation to Profit and loss a/c:
Profit & Loss a/c......Dr
To Depreciation on computer equipments a/c
Depreciation on computer equipments a/c...Dr
To Computer Equipment a/c
Entry for transferring the depreciation to Profit and loss a/c:
Profit & Loss a/c......Dr
To Depreciation on computer equipments a/c
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