Question

How To write direct Ledger Entry for Depriciation ?

Answer 1

Dear Student,

Depreciation is an expense & charged on the value of assets & so depreciation is debited & assets A/c is credited. Next entry is to charge depreciation to Profit & Loss A/c wherein Profit & Loss A/c is debited & depreciation credited.

Thus, direct ledger entry for depreciation is debit the depreciation A/c by Assets A/c & credit it by Profit & Loss A/c is as follows:

Depreciation Account
						Cr.
Date	Particulars	Amount (Rs)	Date	Particulars	Amount (Rs)
	To Asset A/c			By Profit & Loss A/c

Regards,