Back to Depreciation in R2R: Accounting, Entries and Errors
What is the journal entry for depreciation?
Record-to-Report (R2R) · Article FAQ
Detailed Explanation
The standard journal entry for depreciation is: Depreciation Expense A/c Dr. To Accumulated Depreciation A/c. The depreciation expense is generally recognised in the P&L, while accumulated depreciation reduces the asset's carrying amount in the Balance Sheet. The exact GL structure may differ between organisations.
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