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Former Member
Feb 24, 2010 at 05:41 AM

Accounting entry / depreciation

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When we carry out the depreciation posting,

we have an entry like

Dr 40 Accumulated Depreciation Account

Cr 50 Depreciation Account.

My q is..Here Dr entry 40 we are taking as Accumulated Depreciation...but it is a loss right ?

So..why we debit this account??

thanks

kris..