A

Admin • 833.24K Points
Coach

Q. Provision for depreciation appears on the:

  • (A) Credit side of P&L Account
  • (B) Debit side of P&L Account
  • (C) Assets side of Balance Sheet
  • (D) Deducted from concerned asset in Balance Sheet
  • Correct Answer - Option(D)
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  • Filed under category Accounting
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Explanation by: Admin

Provision for depreciation is deducted from the asset’s value in the Balance Sheet.

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