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In the balance sheet, the balance on the provision for Depreciation Account shown as

Accounts - Principles of Accounts
WAEC 2009
In the balance sheet, the balance on the provision for Depreciation Account shown as
  • A. addition to fixed assets
  • B. deduction from fixed assets
  • C. addition to capital
  • D. duduction from current liabilies
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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