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Provision for Depreciation Account is created by debiting to ____?

a) Machinery A/c

b) Profit & Loss A/c

c) Profit & Loss Appropriation A/c

d) None of these

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Question added by Shamseer KM , Accounts and Admin Payroll , KBM Group
Date Posted: 2015/08/31
Asad Ahmed
by Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

Provision of Depreciation account is created by debiting Depreciation Expense account which ultimately hit the Profit and Loss A/c

Muhammad Sabith
by Muhammad Sabith , Accountant , SIMORA

Profit and loss Account >>>>>>>>>>>>>>>>>>>>>>>>

mohammed  mohammed basheer uddin
by mohammed mohammed basheer uddin , collections associate , Al hadi ready-mix concrete

a) Machinery A/c because Machinery is asset and it has an depreciation value accourding to that we depreciate the Machinery A/c

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