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Commerce · Q2576

Accounting

Graduate and Post Graduate · Commerce · question 2576

Q2576

Depreciation is appearing in the trial balance of a company. While making final accounts, it should be shown in:

A.
the profit and loss account
Answer
B.
the balance sheet as a deduction from the asset concerned
C.
the profit and loss account and balance sheet
D.
the profit and loss account or balance sheet

Answer: Option A

Solution

Answer: Option A
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