Question Description
What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer?.

Solutions for What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What journal entry is passed to record depreciation when a Provision for Depreciation Account is maintained?a)Debit Asset Account, Credit Profit and Loss Accountb)Debit Depreciation Expense Account, Credit Asset Accountc)Debit Profit and Loss Account, Credit Provision for Depreciation Accountd)Debit Provision for Depreciation Account, Credit Asset AccountCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.