Rs. 10000 depreciation transfer to Profit and Loss account. Which of the following is correct?

Depreciation Account Debit 1000

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Depreciation Account Debit 10000

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Depreciation Account credit 1000

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Profit & loss Account Debit 10000

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Solution

The correct option is D
Profit & loss Account Debit 10000

The correct entry would be

Profit & loss a/c Dr 10000

To Depreciation a/c 10000

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Rs. 10000 depreciation transfer to Profit and Loss account. Which of the following is correct?

The correct option is D Profit & loss Account Debit 10000 The correct entry would be Profit & loss a/c Dr 10000 To Depreciation a/c 10000

The correct option is D
Profit & loss Account Debit 10000

The correct entry would be

Profit & loss a/c Dr 10000

To Depreciation a/c 10000