A loss incurred on the disposal of plant and machinery should be debited to Profit or loss account. Is the statement true / false?

True

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False

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Not sure

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None

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Solution

The correct option is A
True

A loss incurred on the disposal of plant and machinery should be debited to Profit or loss account.

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A loss incurred on the disposal of plant and machinery should be debited to Profit or loss account. Is the statement true / false?

The correct option is A True A loss incurred on the disposal of plant and machinery should be debited to Profit or loss account.

The correct option is A
True

A loss incurred on the disposal of plant and machinery should be debited to Profit or loss account.