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What are journal entries for depreciation?

Updated: 9/14/2023

Wiki User

∙ 12y ago

Best Answer

Depreciation a/c Dr. To Assets a/c

What_is_journal_entry

debits and credits of all transaction

What_is_the_journal_entry_for_purchase_discount

Purchase A/c........Dr To Discount Recievable A/c To Party name A/

Wiki User

∙ 12y ago

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Wiki User

∙ 9y ago

debit depreciation account
credit asset account / accumulated depreciation

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Continue Learning about Accounting

What are the journal entries to record depreciation of factory equipment?

dr factory overhead and cr accum depreciation-equip

What is the difference between journal entries vs adjusting entries?

Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.

What are Journal entries for a deposit included in rent income?

what the journal entries of stationery at hand

What is the journal entry accumulated depreciation?

[Debit] Depreciation account [Credit] Accumulated depreciation

How do the adjusting entries differ from othe journal entries?

Journal entries are those entries which are recorded first time when any transaction occured while adjusting entries are only recorded when there is any adjustment required in previously created journal entry.

Related questions

Why you pass general journal entries?

example of an depreciation asset

How to add depreciation to asset in quickbookS?

Journal entry is required for depreciation in quickbooks as well as FAS for peachtree also can be used to automatically record depreciation entries

What are the journal entries to record depreciation of factory equipment?

dr factory overhead and cr accum depreciation-equip

What is the journal entries for disposal of fixed asset?

cr asset account for cost price dr accumulated depreciation for asset depreciation cr asset sale account dr/cr profit/loss on asset account

What is the difference between journal entries vs adjusting entries?

Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.

What are Journal entries for a deposit included in rent income?

what the journal entries of stationery at hand

What is the journal entry accumulated depreciation?

[Debit] Depreciation account [Credit] Accumulated depreciation

How do the adjusting entries differ from othe journal entries?

Journal entries are those entries which are recorded first time when any transaction occured while adjusting entries are only recorded when there is any adjustment required in previously created journal entry.

Should journal entries be listed chronologically?

Yes, all journal entries should be recorded in a order in which they occur so as per this all journal entries should be listed chronologically.

What are the proforma journal entries?

Proforma journal entries are hypothetical journal entries prepared before actual transactions occur. They help in understanding the potential impact of transactions on financial statements. These entries are used for forecasting and planning purposes.

What is journal entry for depreciation?

[Debit] Depreciation account [Credit] Asset account

What is the journal entry for depreciation expense?

Debit depreciation expenseCredit fixed asset

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