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    RYANTAN86's Avatar
    RYANTAN86 Posts: 1, Reputation: 1
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    #1

    Nov 27, 2008, 12:59 AM
    Simple accounting leger
    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
    DFK's Avatar
    DFK Posts: 14, Reputation: 1
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    #2

    Nov 27, 2008, 07:29 AM

    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.
    shamailahussain's Avatar
    shamailahussain Posts: 1, Reputation: 1
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    #3

    Aug 4, 2015, 06:08 AM
    Please elaborate your point. Its still pretty vague
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #4

    Aug 4, 2015, 05:35 PM
    BTW-The question was asked 7 years ago. Check the original post date.
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