Question

5. Give journal entry to close depreciation account by Rs. 1,000 at the ends of the accounting year,
complete following journal entry?
(a) Profit and Loos A/c
Dr 1,000
To Depreciation A/C
1,000
(b) Depreciation A/C
Dr 1,000
To Profit and Loss A/C
1,000
(c) Trading A/C
Dr 1,000
To Depreciation A/c
1,000
(d) Non of the above​

Answer 1

Answer:

To Profit and Loss A/C

1,000