In manufacturing account, depreciation of office machine is charged to
FINANCIAL
JAMB 2017
In manufacturing account, depreciation of office machine is charged to
- A. trading account
- B. appropriation account
- C. balance street
- D. profit and loss account
Correct Answer: D. profit and loss account
Explanation
profit and loss account: the depreciation of the office machine is considered as part of administrative expense which must be charged against the profit of the company
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