Double entry records for depreciation

double entry for recording depreciation

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  • Created by: madiha
  • Created on: 16-05-12 11:40

DEPRECIATION

DOUBLE ENTRY FOR PROVIDING DEPRECIATION:

Profit and loss a/c- Dr

Accumulated provision for depreciation- Cr

Depreciation - Dr

Accumulated provision for depreciation-Cr

Profit and loss a/c-Dr

Depreciation -Cr

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