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ACCOUNTING

JAMB 2004 - Question 12

Account 2004 JAMB Past Questions - Question 12: The balance on the provision for depreciation account is

Choose the most appropriate option for the gap .

The balance on the provision for depreciation account is

A: added to fixed assets on the balance Sheet

B: deducted from fixed assets on the balance sheet

C: deducted from the profit and loss account

D: added to the current liabilities of the account

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ACCOUNTING

Account 2004 JAMB Past Questions - Question 12: The balance on the provision for depreciation account is

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Correct Answer

Explanation