20 November 2019
The depreciation work sheet will have three major heads. 1. Original cost : The cost at which asset is purchased to be shown in this head. The assets to be classified as land , Buildings, plant and machinery, Furniture and Fitting , Electric instillation and Intangible assets 2. Accumulated depreciation : It means the depreciation charged from the date of purchase till date against each asset. 3. Written down value : This means the book value of the asset as on date . That is original cost less accumulated depreciation as on date
20 November 2019
In small traders balance sheet there is no accumulated depreciation, most of the CA's / Professional pass entry Eg. Depri ac Dr to Asset ac Cr. is it also ok.
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