When precision for depreciation account is ..

Question 1 Report

When precision for depreciation account is maintained, the annual charge for depreciation shall be

debited to the provision account and credited to profit and loss account

debited to the asset account and credited to profit and loss account

debited to profit and loss account and credited provision account

debited to the asset account and credited to the provisio account

debiited to theprovisiom account and credited to the asser account