Question

depreciation charge on furniture 1000
journal entry​

Answer 1

Explanation:

Depreciation is an expense and nominal a/c so debited. It is not an actual outflow of funds but the value of asset is declined due to wear and tear so a proportion of it is deducted from asset amount and is charged to depreciation a/c

Furniture is asset and assets have debit balance. As value of furniture is declined, furniture a/c is credited