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Depreciation a/c Dr.

To Asset a/c

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13y ago

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How the depricion entry made in tally?

By depriciation a/c to asset a/c


What is the journal entry for depriciation?

Debit depreciation expenseCredit asset account


What is depriciation?

depriciation: wear or tear of an asset or estimated life used of an asset


How do you post a journal entry for sale of a vehicle with depriciation?

The amount received for sale of the vehicle with depreciation is compared to the vehicle's net value and debited as a loss or credited as a gain.


The correct entry in the date column is for all the transactions is?

The correct entry in the date column is for all the transactions is?


What is the Rate of depreciation on refrigerator?

What is the rate of depriciation on refigerator


What is the rate of depreciation of refrigerator?

What is the rate of depriciation on refigerator


What is the benefit of depriciation exp?

Reduced the velue of fixed asset


What is a major factor in the decision buying process?

Rate of depriciation


What is the correct format for a Global Entry number?

The correct format for a Global Entry number is 9 digits, starting with the letters "98" followed by 7 numbers.


What happens if the adjusting entries to the general ledger are wrong?

You would reverse the journal entry then record the correct entry.


What is a corerecting entry?

A correcting entry is an entry that corrects a previous entry. ex. You buy supplies worth $500 You debit Equipment and you credit Cash then you CORRECT it by: debiting Supplies and crediting Equipment Basically, since you made a mistake in the first entry, you correct it. In some cases, you redo the entry by debiting cash, crediting equipment; then starting over, debit supplies, credit cash.