Depreciation

Originally posted by : rahul
	what is the journal entry of depreciation when provision for depreciation exists

Depreciation A/c       Dr.

To Accumulated Depreciation A/c or Provision for Depreciation A/c

(Being depreciation provided for the accounting period)

Depreciation Ac ---- Dr.

To Provision for Depreciation / Depreciation Reserve / Accumulated Depreciation 

[Being depreciation provided for assets for the year ended 31.03.20XX]

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agreed with above discussion