A company bought machinery for Rs. 50000 and depreciation rate is 18%. Which account shall be credited?

Depreciation account by 9000

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Machinery account by 9000

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Profit or loss account

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None of these

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Solution

The correct option is B
Machinery account by 9000

The correct entry would be

Depreciation a/c Dr 9000

To Machinery a/c 9000

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A company bought machinery for Rs. 50000 and depreciation rate is 18%. Which account shall be credited?

The correct option is B Machinery account by 9000 The correct entry would be Depreciation a/c Dr 9000 To Machinery a/c 9000

The correct option is B
Machinery account by 9000

The correct entry would be

Depreciation a/c Dr 9000

To Machinery a/c 9000