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.

Please elaborate your point. Its still pretty vague

BTW-The question was asked 7 years ago. Check the original post date.