Which of the following is CORRECT if depreciation is given in-12837
Which of the following is CORRECT if depreciation is given in trial balance?
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Final Term - Quiz No.12.
Which of the following is CORRECT if depreciation is given in trial balance?
All of the given options are correct
It means depreciation has already been deducted from concerned asset account
It will be shown as an expense in income statement only
It will not be deducted from concerned asset in Balance Sheet
