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What is depreciation ?

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What is depreciation ?

Posted by Himanshu Jha 5 years, 9 months ago

CBSE > Class 11 > Accountancy

3 answers

Ritika Singh 5 years, 9 months ago

Depreciation is decrease in amount of an asset due to time usage.Like we have purchased table of 5000 and used it for 1 year and its condition is not better than the new one so it will be sell on 4000.The fall in amount is called depreciation.

Maanvi Chouhan 5 years, 9 months ago

Like our entry is purchases machinery in 50000and immediately we depriciate machinery in 25000. Then our entry will be #Machinery a/c -------dr 50000 To cash a/c ---------cr 50000 #depreciation on machinery ---------dr 25000 To machinery a/c------------cr 25000 Now here machinery amount decrease from its actual amount. Means Pehle machinery 50000 ki thi par jab depreciation lagi 25000 to machinery ki actual amount depriciation walu amount se minus hogi...... Hope this will help u himanshu.

Maanvi Chouhan 5 years, 9 months ago

To depriciate something or to decrease something

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