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Which of the following is CORRECT if depreciation is given in trial balance

Which of the following is CORRECT if depreciation is given in trial balance?


(A) It has already been deducted from concerned asset account


(B) It will be shown an expense in income statement only


(C) It will not be deducted from concerned asset in Balance Sheet


(D) All of the given options are correct

Apr 11 2018 Read more Less More

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