1 At the balance sheet date the balance on the accumulated provision for depreciation account is (A) Transferred to depreciation account (B) Transferred to profit and loss account (C) Simply deducted...

1

At the balance sheet date the balance on the accumulated provision for depreciation

account is

(A) Transferred to depreciation account

(B) Transferred to profit and loss account

(C) Simply deducted from the asset in the balance sheet

(D) Transferred to the asset account.

2

In the trial balance the balance on the provision for depreciation account is

(A) Shown as a credit item

(B) Not shown, as it is part of depreciation

(C) Shown as a debit item

(D) Sometimes shown as a credit, sometimes as a debit.