Accumulated depreciation Accounting group


This query is : Open 

Quick Summary
This discussion explores the correct accounting group for accumulated depreciation. Participants are debating whether it should be booked under the 'Provisions' group or the 'Fixed Assets' group. The entry involves debiting the Depreciation Account (an indirect expense) and crediting Accumulated Depreciation.

06 June 2022 when booking Depreciation
Depreciation A/c Dr ( Indirect Exp.)
to Accumulated depreciation ( Under which group)

06 June 2022 Fixed assets group.......,.

06 June 2022 Fixed assets group.......,.

07 June 2022 May be under Provisions or under Fixed Assets.


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