The depreciation on a motor vehicle that is being used fo...
The depreciation on a motor vehicle that is being used for manufacturing and administration is charged to the?
Debit side of manufacturing and profit and loss account
Debit side of profit and loss account only
Credit side of profit and loss account only
Debit side of manufacturing and balance sheet
Correct answer is B
The profit and loss account is used by manufacturing concerns to ascertain the cost of production at various stages. A motor vehicle used by a manufacturing company would be depreciated to the debit side of profit and loss account.
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