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Discussion

Allahabad University results out
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In final accounting, What to be do when the provision for depreciation shown at the trial balance...???

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Nirmal Prasad

Provision for depreciation shown in trial balance is the Accumulated depreciation on respective asset of previous year. it is shown as deduction in the balance sheet or shown as a liability after adding current year depreciation. for detail follow me u can also follow my blog

Harkirndeep Kaur

It should be shown in liabilities side of balance sheet.

Avneet

It can be either shown as liability in balance sheet or to be deducted from fixed assets.

Pawansai

Credit

Mayuri Makwana

Liability side in balance sheet....... its a non cash item.......