Accounting · Depreciation Accounting
In case a Provision for Depreciation Account is NOT maintained, the correct journal entry for recording the amount of depreciation is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Asset Account Dr. to Depreciation Account
- 2Depreciation Account Dr. to Asset Account✓
- 3Depreciation Account Dr. to Profit and Loss Account
- 4Profit and Loss Account Dr. to Asset Account
Correct answer
Depreciation Account Dr. to Asset Account
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