Doubt

Accountancy

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

sai t

CA Foundation

★ 2K+

05-Dec-19 18:16

1K+

Answers (3)

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

IndigoLearn Admin

CA Inter

★ 150

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

CA Inter

★ 105

07-Dec-19 10:22

Tnq

Chinna Sai

CA Inter

★ 7K+

26-Apr-20 16:45

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