MCQOPTIONS
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| 1. |
A machine was purchased atnthe beginning of the year at Rs.5,30,000. Thenmachine was wrongly depreciated by 10 %ninstead of 25 %. What will be therectificationnentry? |
| A. | P u0026 L A/c Dr. 79,500 To Prov. for Depr.A/c 79,500 |
| B. | P u0026 L A/c Dr. 26,500 To Prov. for Depr.A/c 26,500 |
| C. | Prov. for Depr.A/c Dr. 26,500 To P u0026 L A/C 26,500 |
| D. | Prov.for Depr.A/c Dr. 79,500 To P u0026 L A/C 79,500 |
| Answer» B. P u0026 L A/c Dr. 26,500 To Prov. for Depr.A/c 26,500 | |