Maharashtra State BoardHSC Commerce 11th
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Answer in One Sentence only: To which account balance on Depreciation A/c is transferred ? - Book Keeping and Accountancy

One Line Answer

Answer in One Sentence only:

To which account balance on Depreciation A/c is transferred?

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Solution

Balance of Depreciation A/c is to be transferred to ‘Profit and Loss A/c'.

Concept: Accounting Treatment
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Chapter 7: Depreciation - Exercise Q.1 [Page 241]
Q 7
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Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 7 Depreciation
Exercise Q.1 | Q 7 | Page 241
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