Question

Why depreciation is debited to P&L Accounts?

Answer 1

Answer:

If the Depreciation is not accounted, the net profit for the period will be overstated. Even in Balance Sheet, the value of assets should not be shown at proper value. Depreciation is a loss. Depreciation is debited to Depreciation Account which is a Nominal Account and transferred to Profit and Loss Account.

$\huge\mathtt\red{\textsf{MissCrispello}}$

Answer 2

Answer:

Here is your answer:-

If the Depreciation is not accounted, the net profit for the period will be overstated. Even in Balance Sheet, the value of assets should not be shown at proper value. Depreciation is a loss. Depreciation is debited to Depreciation Account which is a Nominal Account and transferred to Profit and Loss Account.

Explanation:

Hope it will help you.

Please mark it as Branliest.