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How is the double entry for depreciation ?

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Question
How is the double entry for depreciation ?

Answer

1. key-in in GJ

2. dr: depreciation (p/l)

cr: accumulated depn (b/s)

3. check chart of account,

depreciation (p/l) - is under expenses

accumulated depn (b/s) - is under fixed assets


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Article Details
Views: 706 Created on: Aug 17, 2014
Date updated: Aug 17, 2014
Posted in: Delphi

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