(A) Debited to P&L A/c ()
(B) Shown as liability in Balance Sheet (X)
(C) Reduced from related asset in Balance Sheet (X)
(D) Both A. and C. above (X)
Answers: Depreciation appearing in the Trial Balance should be Debited to P&L A/c.
(A) Debited to P&L A/c ()
(B) Shown as liability in Balance Sheet (X)
(C) Reduced from related asset in Balance Sheet (X)
(D) Both A. and C. above (X)
Answers: Depreciation appearing in the Trial Balance should be Debited to P&L A/c.
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