___account will be credited on transferring depreciation to profit and loss account.

Depreciation

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Fixed Assets

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Provision for depreciation

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Profit & Loss A/C

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Solution

The correct option is A Depreciation
Depreciation account will be credited and profit and loss account will be debited on transferring depreciation to profit and loss account.

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___account will be credited on transferring depreciation to profit and loss account.

The correct option is A DepreciationDepreciation account will be credited and profit and loss account will be debited on transferring depreciation to profit and loss account.

The correct option is A Depreciation
Depreciation account will be credited and profit and loss account will be debited on transferring depreciation to profit and loss account.