Accumulated Depreciation

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Pankaj Sharma (Querist)
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26 April 2008 Krishan Aggarwal Sir,

I have not clear accumulated Depreciation

generally entry of depreciation is

Depreciation a/c dr.
To Fixed assets

but ur entry for accumulated is

depreciaton a/c dr.
To Accumulated Depreciation

then this is for which fixed assets how we know

or this has been done on 31.03.2008 or mid of the year also.

please give me the detail knowledge about this.
waiting for ur reply
thanks

Krishan Aggarwal

Krishan Aggarwal (Expert)
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26 April 2008
Hi Jitender,

Please Read the Incoem Tax provision on the basis of u give the reply , U are not saying correctly even now, this in not as per Income Tax Act,

which u said that is actually UNABSORBED DEPRECIATION NOT ACCUMULATED DEPRECIATION, OK.

Yes Pankaj,

Deprciaion calculates on Assets wise on the Assets Register and some blocks are there if u want to Check assets wise depreciation then u have to go on your Register , in books it is not possible.
and accumulated depreciation entry passe with the Block like
Accumulated deprecaition on Plant & Mach.
Accumulated dep. on Furniture etc.
Ok

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