Question

Asset and disposal a/c is prepared when
(a) provision for depreciation is prepared
(b)asset a/c is prepared
(c) profit and loss a/c is prepared
(d) depreciation a/c is prepared​

Answer 1

Explanation:

A depreciable asset can be disposed or sold either at the end of its useful life or during its useful life. ... When the asset is sold at the end of its useful life, the sale proceeds should be credited to the Asset A/c. the profit or loss on sale or disposal of the asset is transferred to the Profit & Loss A/c

Answer 2

Answer:

Explanation:

1