Hi,
all ryan here, i would like to know about some basic accounting question. Here is my question: Why do we credit provision for depreciation and debit P and L account? i thought depreciation is an expense, and by nature an expense should be a debit am i right? please correct me if i am wrong.

Thank you for the help

Hi Ryan – When recording depreciation (or amortization) the entry should be, debit the depreciation expense account, and credit to the accumulated depreciation account. – Hope that helps.