If an accumulated provision for depreciation account is in use then the entries for the years depreciation
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If an accumulated provision for depreciation account is in use then the entries for the year’s depreciation would be
(A) Credit Provision for Depreciation Account, debit Profit and Loss Account
(B) Debit Asset Account, credit Profit and Loss Account
(C) Credit Asset Account, debit Provision for Depreciation Account
(D) Credit Profit and Loss Account, debit Provision for Depreciation Account.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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