The amount of depreciation account should be transferred to
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- To which account should the depreciation account be transferred in order to close it?
- Balances of accounts are transferred to
- The profit or loss on sale of investment in depreciation fund method is transferred to
- A machinery is purchased on August 1, 2011 for Rs. 1,20,000. It was put into use with effect from October 1...
- In which of the following methods of depreciation, an amount written off as depreciation is invested in rea...
- A bank has allowed a current account holder an ad hoc overdraft of Rs. 15 lakh. That amount is now due. Is ...
- Which of the following bacterial gene transfer mechanisms transfer(s) the greatest amount of information?
- Rohit opened a recurring deposit account in the bank by depositing Rs. 250 per month for 11 months. The rat...