The profit on depreciation policy is transferred to
AProfit & Loss Account
BDepreciation Reserve Account
CBalance Sheet
DAsset Account
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Related Questions:
The source document for preparing final accounts of Co-operatives institutions :
A share of Rs. 10 each on which Rs. 8 has been called and Rs. 6 is paid is forfeited. The capital account should be debited with:
A right of one person to satisfy a claim against another by holding or retaining the posession of others property is termed as
Capital and drawings are accounted in
Permanent decrease in the value of an asset due to wear and tear, passage of time etc. is known as