Accountancy, asked by amishakarara, 5 months ago

.The main objective of providing dep is to know correct profit and loss. (True/False)

Answers

Answered by LOSTAftabOP

Answer:

False the main objective of providing dep is not to know correct profit or loss....

Answered by Anonymous

$\huge \bold { \color{lime}{TRUE..!! }} \ \:$

♣️ The main objective of providing depreciation is to find out the true Net Profit orLoss foran accounting period and to present a true and fair view of the state of affairs of the business. Providing funds for replacement is only an ancillary objective and not the main object.

HOPE IT HELPS U.. ❤️

MARK IT AS BRAINALIST PLZ.. ❤️

Previous Question

Next Question

Similar questions

Biology, 2 months ago

1.Generally, the food in-taken is converted into energy to carry out further life processes, but in somecases the excess energy is stored in plants and animals as_______respectively?

Hindi, 2 months ago

conclusion for a hindi project on topic biography of Rahim Das...

Social Sciences, 2 months ago

In a _____ the head of the royal family is the head of the nation...

English, 5 months ago