Question

journal for depreciation on office furniture ₹1000
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Answer 1

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Journal entry for depreciation on office furniture :-

↪️ Depreciation Ac Dr.....1000

To office furniture Ac cr...1000

[ Being depreciation charged on office furniture ]

Explanation :-

↪ ️Depreciation Ac is debited because Accumulated depreciation remove the furniture up to date of accumulated depreciation.

↪️ office furniture Ac is credited because the value of furniture is removed

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