Question

Depreciated furniture by rupees 100 journal entry​

Answer 1

Answer:

Depreciation expense account Dr. 100

To furniture account. 100

( being furniture depreciated Rs. 100 )

Answer 2

Answer:

Depreciation(Non Cash Expense) Account is debited because it increases the balance of Depreciation(Expenses) Account and Furniture Account is credited because it decreases the balance of Furniture(Assets) Account.