Depreciation journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2013
Dear Sir
I have a doubt on Depreciation. My following entry is right or wrong if wrong please rectify me
Depreciation Expense ( Ind.Expense) Dr
To Acc.Depreciation Furniture(F.Assets)
Depreciation Expense ( Ind.Expense) Dr
To Acc.Depreciation Computer(F.Assets)
I did because we can track at any time the original cost of the assets.
It is right.
I have a doubt on Depreciation. My following entry is right or wrong if wrong please rectify me
Depreciation Expense ( Ind.Expense) Dr
To Acc.Depreciation Furniture(F.Assets)
Depreciation Expense ( Ind.Expense) Dr
To Acc.Depreciation Computer(F.Assets)
I did because we can track at any time the original cost of the assets.
It is right.
Ganeshbabu K
(Expert)
15 June 2013
Yes..it is correct..
Thanks & regards'
Ganesh babu k
Thanks & regards'
Ganesh babu k
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