Accountancy, asked by riyawadhwa724, 3 months ago

Which account is credited to record depreciation under depreciation provision method​

Answers

Answered by Anonymous
0

Answer:

Depreciation is charged by debiting Depreciation Account and crediting the Asset Account. The Depreciation is closed by transferring to Profit and Loss Account at the end of the year.

Answered by chraja478
1

Answer:

Accumulated depreciation is credited with provision for depreciation .show on liabilities side in the balancesheet

Explanation:

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