Question
if an accumulated provision for depreciation account is in use then the entries for the year's depreciation would be: a. Credit provision for depreciation account,
if an accumulated provision for depreciation account is in use then the entries for the year's depreciation would be:
a. Credit provision for depreciation account, debit income statement
b. Credit asset account, debit provision for depreciation account
c. Debit asset account, credit income statement
d. Credit income statement, debit provision for depreciation account
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Financial Accounting Theory
Authors: Craig Deegan
3rd Edition
0070277265, 978-0070277267
