Maharashtra State BoardHSC Commerce 11th
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Select the most appropriate answer from the alternatives given below and rewrite the sentence: The balance of depreciation account is transferred to ______ - Book Keeping and Accountancy

MCQ

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

The balance of depreciation account is transferred to ______

Options

  • Manufacturing A/c

  • Trading A/c

  • Profit & Loss A/c

  • Balance sheet

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Solution

The balance of depreciation account is transferred to Profit & Loss A/c.

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