In manufacturing, depreciation of office machine is charged to
FINANCIAL
JAMB 2023
In manufacturing, depreciation of office machine is charged to
- A. trading account
- B. balance sheet
- C. appropriation account
- D. profit and loss account
Correct Answer: D. profit and loss account
Explanation
Depreciation of office machine equipment is an administration expenses. Administration expenses comprises of cost of accounting and secretarial work.
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