journal entries for provision on machine

Journal Entries for Provision of Depreciation on Machine:

1. At the time of creation of Depreciation Provision

Depreciation A/c  - Dr.

To Provision for Depreciation A/c

1. At the year end

Profit and Loss A/c  - Dr.

To Depreciation A/c

1. At the time of sale/ disposing off the Machine

Provision for Depreciation A/c  - Dr.

To Machine A/c