When precision for depreciation account is maintained, the annual charge for depreciation shall be

Accounts - Principles of Accounts WAEC 1990

When precision for depreciation account is maintained, the annual charge for depreciation shall be

  • debited to the provision account and credited to profit and loss account
  • debited to the asset account and credited to profit and loss account
  • debited to profit and loss account and credited provision account checkmark
  • debited to the asset account and credited to the provisio account
  • debiited to theprovisiom account and credited to the asser account

The correct answer is: C

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