IndigoLearn

Doubt

Can any explain why 'provision of depreciation' for furniture was written in credit side of trial balance rather than in debit side .


harsha t

harsha t

CA Foundation

205

05-Dec-19 18:16

69

Answers (3)

Provisions are on credit side Depreciation expense will be on debit side


IndigoLearn Admin

IndigoLearn Admin

CA Inter

110

06-Dec-19 10:44

Provision is a liability and so it is on credit side. Depreciation is an expense , so it is on debit side


Tharun Reddy

Tharun Reddy

CA Inter

40

07-Dec-19 10:22

Tnq


Chinna Sai

Chinna Sai

CA Foundation

7K+

26-Apr-20 16:45