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Commerce · Q2695

Accounting

Graduate and Post Graduate · Commerce · question 2695

Q2695

Accumulated depreciation account is shown in the final accounts:

A.
on the liability side of the balance sheet
Answer
B.
on the debit side of the profit and loss account
C.
by deducting from the related asset account in the balance sheet
D.
on the credit side of the profit and loss account

Answer: Option A

Solution

Answer: Option A
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