Accountancy, asked by shubhamkate2002, 4 months ago

deptecation wich type of accounts

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Answered by Anonymous

Answer:

ok mark as brain list for the database

Answered by Anonymous

Answer:

The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the Accumulated Depreciation account (which appears in the balance sheet as a contra account that reduces the amount of fixed assets).

Explanation:

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