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  • Fundamentals of Accounting - 1
  • Which of the following is an example of decreased value o...
Multiple choice

Which of the following is an example of decreased value of an asset?

  1. Profit transferred to capital a/c

  2. Loan converted to capital

  3. Sold furniture

  4. General reserve transferred to capital reserve

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A furniture is an asset and the after sale value of the furniture is decrease.

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