Question

. Depreciation will be provided through (1)
Credit voucher
Debit voucher
Transfer Voucher
Journal voucher​

Answer 1

Answer:

The asset's useful life exceeds one year: Depreciation can be claimed only for long-term assets. It implies that the assets have a useful life of more than one year.

Explanation:

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Answer 2

The correct answer is OPTION C: Transfer Voucher.

• A source document, such as a cash memo or an invoice, provides evidence of transactions.
• When a specific item lacks documentary proof, a voucher must be produced and approved by the appropriate authorities.
• Everything in the account books is recorded on the voucher.
• Non-cash transactions require Non-Cash or Transfer vouchers to be documented.
• These vouchers document non-cash transactions.
• Non-cash vouchers include items purchased on credit, fixed assets purchased on credit, depreciation or bad favors wrote, Returns Inward, and so on.