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Question

What is the entry for adjusting depreciation of an asset?


A
Asset A/c Dr
To Depreciation A/c
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B
Depreciation A/c Dr
To Asset A/c
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C

No entry

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D

None of these

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Solution

The correct option is B
Depreciation A/c Dr
To Asset A/c

The correct entry is

Depreciation A/c Dr
To Asset A/c

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