Question

"Charge 10/ depreciation on building worth Rs 75000 " in this which account is debite with what amount

Answer 1

Answer:

journal entry -

Depreciation a/c dr. 7,500

to building a/c 7,500

Explanation:

Value of Building = ₹ 75,000

charging 10% depreciation on ₹ 75,000

value of depreciation = 75,000 × 10/100

= ₹ 7,500

depreciation a/c will be dr. with ₹ 7,500

hope it helps you