Question

depreciation charged on fixed assets is an example of: (a) external transaction (b) internal transaction (c) either external or internal transaction (d) not a business transaction please with explanation

Answer 1

Answer:

(d) not a business transaction please explain with answer

Answer 2

Answer:

(B) internal transaction

Explanation:

as depreciation is done for assets that are internal thing that's why it is a internal transaction it will not be external transaction because external transaction are those transaction that are incurred for the external users of company like creditors, bills payable, etc..

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