Question

Decrease in the value of assets should be ______ to Profit and Loss Adjustment Account.

विकल्प

• Debited

• Credited

• Added

• Equal

Answer 1

Decrease in the value of assets should be debited to Profit and Loss Adjustment Account.

Explanation:

A decrease in the value of assets (such as depreciation, bad debts, or impairment) is considered an expense for the business. Expenses and losses are always debited to the Profit and Loss Adjustment Account because they reduce the overall profit of the business.