Economics · Final Accounts
When depreciation already appears inside the Trial Balance of a firm, it should be shown only in the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Profit and Loss Account and the Balance Sheet
- 2Trading Account
- 3Balance Sheet as a deduction from the asset
- 4Profit and Loss Account✓
Correct answer
Profit and Loss Account
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