What is the entry of depreciation in journal entry?
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The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the Accumulated Depreciation.!!!!
Hope it helpful....
Hope it helpful....
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Depreciation a/c. Dr.
To machinery a/c
(For depreciation charged on machinery or any asset )
To machinery a/c
(For depreciation charged on machinery or any asset )
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