The balance on the provision for depreciation account is?

Accounts - Principles of Accounts JAMB 2004

The balance on the provision for depreciation account is?

  • added to fixed assets on the balance sheet
  • deducted from the fixed assets on the balance sheet checkmark
  • deducted from the profitand loss account
  • added to current liabilities of the account

The correct answer is: B

Explanation

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