Write journal entry to transfer depreciation to profit and loss accoun – InterviewSolution

InterviewSolution

1.	Write journal entry to transfer depreciation to profit and loss account at the end of the year.
Answer» Profit and Loss A/c Dr ………………………… To Depreciation A/c ……………………. (Being amount of depreciation transferred to Profit and Loss A/c after closing the Depreciation A/c.)

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