Adjusting Entry
Which account do you credit when making an adjusting entry to a depreciation account?
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Amy-in-PA
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11/22/09 2:27pm PST
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It depends on what happened, and why you're making an adjusting entry to a depreciation account. Do you mean you simply want to take depreciation? Then obviously you're going to credit the "accumulated depreciation" account that has to do with the asset in question (depending on how you set up your books -- you might have one been account just called "accumulated depreciation" or you might have "accumulated depreciation - computers" and "accumulated depreciation - furniture" and so on).
Back up before it's too late
