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Whow to prepare provisions for depreciation

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Whow to prepare provisions for depreciation

Posted by Lokman Ansari 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Bhumika Joshi 6 years, 10 months ago

Earlier when you charged dep on any machine you write it on (by)side of the machinery accounts....but if you have to make provision for depreciation you have to make a new account by the name of provision for depreciation...the same method you do to find dep ...you have to apply the same...just the thing u have to do is instead of writing the dep on machinery account by side ..u have to write in by side of provision for dep.....✌

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