What will be the entry to record depreciation, if accumulated depreciation account is used by company?

Depreciation a/c Dr

To Accumulated Depreciation a/c

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Depreciation a/c Dr

To Machinery a/c

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Machinery a/c Dr

To Accumulated Depreciation a/c

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Accumulated Depreciation a/c Dr

To Machinery a/c

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Solution

The correct option is A

Depreciation a/c Dr

To Accumulated Depreciation a/c

The Journal entry for recording depreciation is:

Depreciation a/c Dr

To Accumulated Depreciation a/c

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Similar questions

A company bought machinery for Rs. 10000 and depreciation rate is 10%. Accumulated depreciation account is maintained. Which of the following is correct?

A piece of machinery worth Rs. 4,00,000 is charged depreciation (Straight line method) at 10%.
Which account shall be credited for recording depreciation when accumulated depreciation account is maintained?

Q. Accumulated Depreciation account has a _____________.

A B C

Industries Ltd. purchased a new Machinery on

1 - 1 - 2011

for

2, 75, 000

and spent

R s . 25, 000

on its installation. Machine is subject to

10

% depreciation on the original cost. The company sold the Machinery on

31 - 12 - 2015

for

R s . 1, 45, 000

. Find out the accumulated depreciation on the Machine as on

31 - 12 - 2015

If an accumulated depreciation account is in use, then the entries for the year’s depreciation would be:

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What will be the entry to record depreciation, if accumulated depreciation account is used by company?

The correct option is A Depreciation a/c Dr To Accumulated Depreciation a/c The Journal entry for recording depreciation is: Depreciation a/c Dr To Accumulated Depreciation a/c

The correct option is A

Depreciation a/c Dr

To Accumulated Depreciation a/c

The Journal entry for recording depreciation is:

Depreciation a/c Dr

To Accumulated Depreciation a/c