Provision for Depreciation How to show
This query is : Resolved
10 May 2022
why provision for Depreciation not shown in Profit and loss accounts , how to show in balance sheet.
10 May 2022
It's depreciation (expenses) charge to p&l account debit to depreciation provision credit.
In the balance sheet it's shown like this.
Fixed assets
Less provision for depreciation
Net fixed assets.
In the balance sheet it's shown like this.
Fixed assets
Less provision for depreciation
Net fixed assets.
14 October 2023
It's direct expenses group.
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