Maharashtra State BoardHSC Commerce 11th
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State whether the following Statement is True or False with reasons: Depreciation is charged on fixed assets. - Book Keeping and Accountancy

MCQ
True or False

State whether the following statement is True or False with reasons:

Depreciation is charged on fixed assets.

Options

  • True

  • False

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Solution

This statement is True.
To find out actual profit or loss of business and to make provision for the replacement of assets. depreciation is charged on fixed assets.
  Is there an error in this question or solution?
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