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Accounting-Mcqs

Which of following is normal balance of an accumulated depreciation account?

Debit balance Credit balance Nil balance

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Accounting Mcqs

Accounting Mcqs

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This Chapter Accounting-Mcqs consists of the following topics

A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?

Which of following is normal balance of an accumulated depreciation account?

How trial balance shows the accumulated depreciation?

Which of the following is the normal balance of an accumulated depreciation account?

Accounting Mcqs

Accounting