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Question from Noorullah on Jul 15 at 9:08 AM Dear Sir,
We pass jv every month as below:
1. depreciation (assets) dr AED 600
Accumulated depreciation CR AED 600
2. Quarry Development Dr AED 100
depreciation (assets) Cr AED 100
The depreciation in the income statement is AED 500 but in the accumulated depreciation AED 600.
What is the solution to match the both accounts?
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