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Describe the method of recording depreciation in the books of account.How is the balance of provision for depreciation account shown in balance sheet?
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depriciattion is shown on the debit side of profit and loss account
depriciattion is deducted from the assets
example machinery 1000 depriciattion 100
100 shown on debit side of profit and loss account and 900 is shown on the asset account
balance of provision for depriciattion account is shown on the balance sheet by less on depriciattion
please select my answers as brainliest
depriciattion is deducted from the assets
example machinery 1000 depriciattion 100
100 shown on debit side of profit and loss account and 900 is shown on the asset account
balance of provision for depriciattion account is shown on the balance sheet by less on depriciattion
please select my answers as brainliest
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