GIVE THE JOURNAL OF PROVISION FOR DEPRICIATION.
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Depreciation is to be charged on only FIXED ASSETS . It charge annually or monthly.
TWO EFFECT OF DEPRECIATION IN ACCOUNT :-
1) LESS DEPRECIATE AMMOUNT FROM RELATED ASSET.
2) PROFIT AND LOSS ACCOUNT .
TWO EFFECT OF DEPRECIATION IN ACCOUNT :-
1) LESS DEPRECIATE AMMOUNT FROM RELATED ASSET.
2) PROFIT AND LOSS ACCOUNT .
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