Multiple choice

If the provision of depreciation account has been created, what will be its implication in the financial statement?

  1. This account should appear on the credit side of the balance sheet.

  2. This account may be subtracted from the respective asset account.

  3. None of these

  4. Both option (1) and (2)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

It is correct as both options (1) and (2) are correct.

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