Q.Fill in the blank: Depreciation on furniture is debited in ……. account.

Depreciation on furniture is debited to the Depreciation account.

When depreciation is charged on a fixed asset such as furniture, the entry passed is: Depreciation A/c ... Dr., To Furniture A/c. The Depreciation account is debited (as depreciation is an expense/loss to the business, reducing profit) and the Furniture (asset) account is credited, …