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


sai t

sai t

CA Foundation

570

05-Dec-19

309

Answers (3)

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


IndigoLearn Admin

IndigoLearn Admin

CA Inter

110

06-Dec-19

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

Tnq


Chinna Sai

Chinna Sai

CA Inter

7K+

26-Apr-20

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