Depreciation provided on assets is debited to an asset accounts.

Correct the following statement and rewrite the statement:

Depreciation provided on assets is debited to an asset accounts.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Depreciation provided on assets is credited to an asset account.

4 views Answered 2023-02-05 15:29

Related Questions

i. Increase in asset is debited and decrease in asset is _______ ii. Assets = Liabilities + ________

2 Answers 9 Views

i. _______ accounts are accounts of properties and assets. ii. Laptop account is a _______ account.

2 Answers 8 Views

Fixed Assets (at cost) ₹ 12,00,000,Accumulate Depreciation till date ₹ 2,00,000, Trade Investment ₹ 1,00,000, Current Assets ₹ 4,40,000: Current Liabi

2 Answers 4 Views

From the following data ,compute Total Assets Turnover Ratio: Fixed Assets ₹ 3,00,000 ,Accumulated Depreciation ₹ 1,00,000, Current Assets ₹ 2,00,000

2 Answers 8 Views

Fixed Assets (at cost) ₹ 30,00,00, Accumulated Depreciation till date ₹ 5,00,000 , Trade Investments ₹ 2,50,000: Current Assets ₹ 11,00,000, Currents

2 Answers 4 Views

i. The method of depreciation in which the rate of depreciation is fixed but the amount of depreciation reduces every year.

2 Answers 4 Views

i. Depreciation is charged on _________ asset. ii. Wages paid for Installation/fixation of Machinery is debited to ______ account.

2 Answers 4 Views

Net Working Capital = Current Assets Minus - (A) Current Liabilities (B) Net Liabilities (C) Current Assets (D) Assets

2 Answers 4 Views

Goodwill is - (A) Tangible asset (B) Intangible asset (C) Current asset (D) None of these

2 Answers 4 Views

Discount on issue of debentures is :- (A) Fixed Asset (B) Current Asset (C) Real Asset (D) Fictitious Asset

2 Answers 4 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)