Accumulated Depreciation

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Accumulated Depreciation

Checkmated
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04-21-2008, 08:20 AM

If it is not a liability then it comes under which head? and why it is credited ?

Astute i didnt say that depreciation is a liability , when we make entry we debited depreciation and credited accumulated depreciation, why we credited acc dep ? is it a liability? our bcom teacher has said this.

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Accumulated Depreciation - by Checkmated - 03-28-2008, 09:13 AM

[No subject] - by 4thelement - 03-28-2008, 07:06 PM

[No subject] - by Astute Accountant - 03-29-2008, 09:23 PM

[No subject] - by Checkmated - 04-21-2008, 08:20 AM

[No subject] - by Muhammad Amir - 04-21-2008, 07:07 PM

[No subject] - by drinkingeyez - 09-05-2009, 01:28 AM

[No subject] - by awaisaftab - 09-05-2009, 01:34 PM

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